From an outside perspective, 2022 has been a rollercoaster ride for crypto. The market reached a total valuation of $3 trillion during the bull market of 2021, only to scale back to its current level of around $810 billion. While this poor performance can be partly attributed to the pervading macroeconomic environment — compounded by rising inflation rates and the ongoing Ukraine-Russia conflict, among other factors — one cannot deny the role that the recent slew of insolvencies has had on the sector.
That said, below is a list of arguably the most notable heroes and villains who have undeniably impacted this rapidly evolving industry over the past year.
Senators Cyntia Lummis and Kirsten Gillibrand
Representative Tom Emmer
The entire core development team
Su Zhu and Kyle Davies