AFTQREUB7ZMWJJX5OGMU4V72QQ A D.C. turf war could mean big changes for cryptocurrency regulation

A D.C. turf war could mean big changes for cryptocurrency regulation

– The US Federal Reserve has told lenders that they need to notify the Fed if they offer services for bitcoin and other cryptocurrencies.
– This is in order to bring more crypto activities under the Fed’s purview.
– However, other US agencies are also trying to regulate the cryptocurrency market, which could lead to confusion and conflict.
– The lack of clear regulation is hurting digital asset owners, as the value of cryptocurrencies has halved since reaching a peak in November 2020.

 

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