Lael Brainard – Vice Chairwoman of the Federal Reserve – said the latest crypto market bloodbath “highlights the urgent need” for industry regulation.

tldr; US Federal Reserve Vice Chairwoman Lael Brainard said the latest crypto market bloodbath “highlights the urgent need” for industry regulation. She claims it must begin to comply with existing financial regulations, mirroring the views of the Securities and Exchange Commission (SEC). Brainard believes in the promise of blockchain technology to enhance the efficiency of the financial system.

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