Fed-ordförande Powell på Crypto: Vi ser kaos, Bedrägeri, Brist på transparens, Risk

Federal Reserve Chairman Jerome Powell has outlined several risks related to crypto activities during a hearing before the Senate Committee on Banking, Hus, and Urban Affairs. While stating that the Fed sees turmoil, fraud, a lack of transparency, and run risk in the crypto space, betonade han: “We don’t want regulation to stifle innovation.”

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Fed Chairman Outlines Risks in Crypto Activities

Federal Reserve Chairman Jerome Powell answered some cryptocurrency questions before the Senate Committee on Banking, Hus, and Urban Affairs on Tuesday. During the hearing, Senator Sherrod Brown (D-OH), the committee’s chairman, asked Powell about the risks posed by crypto assets and how the Fed is evaluating the risks of crypto-related activities by its supervised institutions.

“We’ve been quite active in this area,” Powell replied. “We believe innovation is very important over time to the economy. We don’t want to stifle innovation, we don’t want regulation to stifle innovation in a way that just favors incumbents, that kind of thing.” The Fed chair added:

We are watching what’s been happening in the crypto space. What we see is quite a lot of turmoil, we see fraud, we see a lack of transparency, we see run risk — lots and lots of things like that.

“So what we’ve been doing is making sure that the regulated financial institutions that we supervise and regulate are careful, are taking great care in the ways that they engage with the whole crypto space,” the Fed chairman continued.

Powell noted that the Federal Reserve has issued several joint notices with the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC), warning banks and regulated financial institutions about cryptocurrency risks.

I februari, the Fed, FDIC, and OCC jointly warned about crypto’s liquidity risks. I januari, the three regulators cautioned: “Banking organizations should ensure appropriate risk management, including board oversight, policies, procedures, risk assessments, controls, gates and guardrails, and monitoring, to effectively identify and manage risks.”

Taggar i denna berättelse
Kryptoreglering, Reglering av kryptovaluta, Federal Reserve, Federal Reserves ordförande, Federal Reserve Chairman Jerome Powell, jerome powell crypto, Jerome Powell cryptocurrency, Senate hearing, senate hearing crypto, senate hearing cryptocurrency, Sherrod Brown

What do you think about the statements by Federal Reserve Chairman Jerome Powell about cryptocurrencies? Låt oss veta i kommentarsfältet nedan.

Kevin Helms

Student i österrikisk ekonomi, Kevin hittade Bitcoin i 2011 och har varit evangelist sedan dess. Hans intressen ligger i Bitcoin säkerhet, system med öppen källkod, nätverkseffekter och skärningspunkten mellan ekonomi och kryptografi.




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