Marco Bello/Getty Images
- MicroStrategy founder Michael Saylor says FTX's downfall helped root out crypto's bad actors.
- Saylor called for more regulation in the space during an interview with CNBC last week.
- The bitcoin bull says crypto "needs clear guidelines from Congress" and "rules of the road from the SEC."
The cryptocurrency industry is enduring a crisis of confidence as a slew of industry giants like FTX face scandal-ridden collapse. Sam Bankman-Fried's crypto exchange may have wiped out over $8 billion of customer money, though MicroStrategy founder Michael Saylor says the meltdown has pushed the space forward in the long run.
The downfall of Alameda and FTX, Saylor says, shed light on bad actors in the trillion-dollar industry.