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The comments were one of the clearest signs yet that US regulators plan to take a more active role in the cryptocurrency market.
"It really comes down to coordinating across the agencies," Hsu said."Just in talking to some of my peers, there is interest in coordinating a lot more of these things." Officials around the world worry that the crypto boom is sucking in amateur traders who could get badly burned. Bank of England governor Andrew BaileyIn the US, there are growing signs that President Joe Biden's administration wants to take a more hands-on approach than Donald Trump's White House.that"the misuse of cryptocurrencies and virtual assets is a growing problem." She highlighted their use in money laundering, terrorism and drug trafficking.
Hsu, who was appointed as Acting Comptroller by Yellen, said innovation in finance through technologies like blockchain and the rise of reminded him of the financial crisis. He said new technologies brought great promise, but also great risk.Sign up for the 10 Things Before the Opening Bell newsletter to get the scoop on what traders are talking about.By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our
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