In a recent report, Treasury Secretary Janet Yellen and the Financial Stability Oversight Council called for tighter cryptocurrency regulation and oversight. Specifically, Yellen warned of risks posed by the proliferation of digital assets and urged Congress to pass legislation that addresses gaps in the financial system. Yellen said that digital assets “have grown significantly in scale over recent years” and have “attracted a large amount of capital and interest from both retail and institutional investors. At the same time, we have seen significant shocks and volatility within the crypto-assets system, particularly over the last year.” To read the report: https://bit.ly/3EkHT2C
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