‘Contagion risk’: After the FTX collapse, top U.S. regulators warn banks about crypto

How did the FTX collapse affect crypto regulations?

“The takeaway from the statement is that banks will need to be cautious when considering investments in crypto assets, says Mina Tadrus, MA, JD, CEO at the investment firm Tadrus Capital.” 

This announcement from the Federal Reserve, may indicate that mainstream acceptance of crypto investments is not yet widespread. 
The exact details of any potential regulation would depend on the specific laws and regulations set by the Federal Reserve, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation. Potential regulations could include increased reporting requirements, capital requirements, and limits on the types of investments that banks can make in crypto assets.

Source: CNBC

Author: Mike Winters

Continue reading here: https://www.cnbc.com/2023/01/06/us-regulators-warn-banks-about-crypto-risks-after-ftx-collapse.html


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