TechFlow News, November 14 — According to CoinDesk, U.S. Treasury Secretary Janet Yellen said the FTX collapse exposed weaknesses in the cryptocurrency industry, and the U.S. government is considering regulating the sector under President Biden’s executive order. Yellen added that if crypto were more tightly linked to the traditional financial system, the impact of FTX's bankruptcy and restructuring could have been worse. At least FTX was not deeply integrated with the banking system, so it does not pose a broader threat to financial stability.[Link]
Add to Favorites
Share to Social Media
