Powell: Crypto market downturn gives regulators 'more time'

The current crypto market downturn gives regulators more time to pass “appropriate” regulations, according to Federal Reserve Chair Jerome Powell.

The ongoing downturn in cryptocurrency markets is giving global regulators “more time” to identify the weaknesses and work that needs to be done, says Jerome Powell, Chair of the U.S. Federal Reserve. The overlap between traditional finance and banking systems and decentralized finance is limited, which Powell argued is good news for regulators.

There are several pressure points that need more work, according to Powell, regarding novelties like the need to regulate unhosted wallets or algorithms.

.Twitter check the spam on this Tweet jeeze 🙄

To load their bags

Confirmed 😂 So this downturn in crypto was created on purpose🔎👍 🙉🙈🙊

Perfect timing. Coincidence?

He didn't really say this o m g 😠😠

Long to die

why is noone is talking abbouut this trick

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Grayscale Bitcoin Trust discount hits all-time low amid crypto market downturnFour months on from its SEC rejection, GBTC's discount to NAV hit a new all-time low amid crypto market tumult. 'discount' *all-time high (not low) I started trading with $5,000 & now I've earned up to $45,000 within 30 days. Follow Mr Austin_Crypt for his tweets on how to earn automatically without your funds depreciating or liquidated Link on his bio Austin_Crypt
Source: TheBlock__ - 🏆 464. / 53 Read more »