The crypto industry has endured months of tumbling valuations, scores of liquidations and thousands of job losses after the collapse of stablecoin terraUSD and its paired cryptocurrency luna triggered a domino effect across the sector. It has been dubbed the new crypto winter and has even been compared to the 2008 financial crisis.

At a Barron’s Live event examining where crypto goes from here, Financial News caught up with Gwendolyn Regina, investment director at Binance’s blockchain arm BNB Chain, and Ari Redbord, head of legal and governmental affairs at blockchain intelligence firm TRM Labs.