Crypto.com's leader is requesting an investigation into regulatory oversight following widespread exchange liquidations totaling $20 billion.

Call for Regulatory Investigation

Crypto.com CEO Kris Marszalek has requested that regulators examine cryptocurrency exchanges that experienced significant liquidations since Friday. This request follows approximately $20 billion in liquidations across various platforms.

Concerns Regarding Trading Practices

Marszalek's appeal emphasizes the need for reviews focused on trading fairness and consumer protection. He questions whether any platforms halted trading and if trades were accurately priced against market indexes.

Trade Monitoring and AML Programs

The request also includes inquiries regarding the functionality of trade monitoring and Anti-Money Laundering (AML) programs implemented by these exchanges.