Fed Chair Nominee Waller Supports Incorporating Cryptocurrency into the Financial System, Lawmakers Question Regulation

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Golden Finance reports that on April 22, Kevin Warsh stated at a Senate hearing that digital assets “have become a part of the U.S. financial system,” and supported including them in the financial system to provide more opportunities and protections for investors.
This statement is seen as a policy signal that, if he becomes Federal Reserve Chair, he would be relatively open to the crypto industry overall. Warsh has previously called Bitcoin an “important asset that helps inform policy making.”
However, Elizabeth Warren expressed concerns during the hearing, mentioning risks such as “sock puppet” accounts in the crypto space, and emphasized the need to strengthen regulation and prevent abuse.

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