Fed's Brainard: Crypto platforms are highly vulnerable to deleveraging and fire sales

  • Now she tells us
Brainard fantastic four meme
  • We cannot wait until the crypto econosystem becomes so big and interconnected that it could pose financial stability risks
  • “This is the right time to ensure that like risks are subject to like regulatory outcomes and like disclosure so as to help investors distinguish between genuine, responsible innovation and the false allure of seemingly easy returns that obscures significant risk"

Regulation is coming, but slowly.

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