FTX collapse shakes up Chicago crypto market, where its US trading platform was going to be the next big thing – Chicago Tribune/MSN

World Business Chicago, the city’s economic development arm, has made the fintech industry an area of focus. Last year, investment in Chicago’s fintech ecosystem more than doubled to nearly $4.6 billion. Michael Fassnacht, president and CEO of World Business Chicago and the city’s chief marketing officer, downplayed the role of the startup exchange in the city’s larger fintech aspirations. “We continue to believe that the broader fintech sector has a bright future in Chicagoland.”
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Old Spartan
3 years ago

Yet another example of the buffoons with no experience working in the Mayor’s office. Does the office have anyone capable of analyzing a crypto exchange’s credibility or financial viability. Heck NO. They have “Equity” and “Inclusion” and other nonsense as their priorities and don’t have the smarts to hire anyone with industry experience who can analyze such things. Just like their Springfield goo-goos, crime fighting nitwits, economic development wannabes, and education clowns– it is just another crew of not ready for prime time players.

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