Federal Reserve Chair candidate supports integrating cryptocurrencies into the financial system, lawmakers raise regulatory concerns

robot
Abstract generation in progress
ME News Report, April 22 (UTC+8), Kevin Warsh stated at a Senate hearing that digital assets "have become a part of the U.S. financial system," and supports integrating them into the financial system to provide more opportunities and protections for investors. This statement is seen as a generally open policy signal towards the crypto industry if he were to become Federal Reserve Chair. 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, emphasizing the need for increased regulation and prevention of abuse. (Source: ChainCatcher)
BTC1.89%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned