Feds signal crackdown on cryptocurrency after volatile week
NY Post
The Federal Reserve and the Treasury Department turning up the heat on cryptocurrency, signaling a crackdown could be coming after several days of volatility in the sector.
Fed chair Jerome Powell said in a rare video message posted Thursday that cryptocurrencies, which have grown to have a market cap of nearly $2 trillion, pose some risks to both individual investors and the broader financial system. He also distinguished between volatile cryptocurrencies and so-called stablecoins, which are tied to the value of other currencies such as the US Dollar.More Related News