Fed’s Brainard says crypto needs regulation now before it becomes so big that it threatens financial system
Federal Reserve Vice Chair Lael Brainard became the latest official to speak out on crypto, saying Friday that regulation is needed or the industry could become a wider danger.
The lack of regulation guidelines has been a confusing and troublesome issue for the crypto industry, whose participants are keen to develop and expand businesses but are unclear on the regulatory parameters within which they can do so.