TLDR:Centralized exchanges and custodians have been imploding over the last year due to fraud and bad accounting. In 2023, the SEC has been cracking down on exchanges, especially any interest-bearing platforms.Banking stress tests can provide CEXs with the insights they need to identify and manage risks effectively. These tests can also provide regulators with valuable information about CEXs’ financial health and operations, which would inform on the need for specific regulation to systemical...