How Wall Street Escaped the Crypto Meltdown - The New York Times

As cryptocurrency prices plunged and funds failed, strict rules on risky assets helped Wall Street companies sidestep the worst. Retail investors weren’t as lucky.

Only a small subset of Goldmans clients qualified to buy investments linked to crypto through the bank, said Mary Athridge, a Goldman Sachs spokeswoman. Clients had to go through a live training sess… [+1894 chars]

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