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Crypto Attracts Fed Scrutiny in the Latest Spotlight This Week

Feb. 16, 2022, 9:24 PM

The crypto world continues to be in the spotlight this week, with the Federal Reserve reiterating a warning of potential economic risks just days after digital-asset firms dominated the advertisements during the Super Bowl.

“Some participants saw emerging risks to financial stability associated with the rapid growth in crypto-assets and decentralized finance platforms,” minutes from the Fed’s January meeting showed when released Wednesday.

Digital assets’ market value has risen exponentially over the last decade, the memo noted. It currently stands at around $1.9 trillion, according to CoinMarketCap. Additionally, Fed staff expressed concern about the cryptocurrencies’ infamous volatility, including the ...