The Federal Reserve is assembling a new crypto-focused team to help ensure the central bank can stay on top of developments in the asset class.
Michael Barr, the Fed’s vice chair for supervision, said Thursday the group would help bolster oversight abilities. He also warned about potential dangers of stablecoins and said that the central bank was working on additional crypto guidance.
“We are creating a specialized team of experts that can help us learn from new developments and make sure we’re up to date on innovation in this sector,” Barr told an audience at the Washington-based Peterson Institute for ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.