Yellen Calls for 'More Effective Oversight' of Crypto Markets

Nov 17,2022
KingData News: The collapse of crypto exchange FTX is proof digital asset markets need more effective oversight, according to U.S. Treasury Secretary Janet Yellen. “Further interconnections of the traditional financial system and crypto markets could raise broader financial stability concerns,” Yellen said in a statement on recent market developments. “Going forward, it’s vital we do what is necessary to address these concerning risks and act to protect consumers and promote financial stability.” Regulators should “rigorously” enforce existing rules and Congress should “move quickly” to fill regulatory gaps identified by the Biden Administration, Yellen said.
This index tracks global regulatory move targeted at cryptocurrency and blockchain industry.
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