“Single regulatory agencies currently generally do not have a comprehensive view of crypto asset entities’ activities,” Brown argued in his letter, which highlighted the findings of a report from the Financial Stability Oversight Council led by Yellen, including its recommendation for legislation that would “create authorities for regulators to have visibility into, and otherwise supervise, the activities of the affiliates and subsidiaries of crypto-asset entities.”
Related posts
-
Zhu Guangyao, China’s Former Minister of Finance, Asks Beijing to Study Crypto Industry
Please note that our privacy policy, terms of use, cookies, and do not sell my personal... -
Dutch Regulator Warns of Crypto Pump-and-Dump, New Regulation to Ban These Schemes
The Dutch Authority for the Financial Markets (AFM) has... -
Bitcoin Price To Witness Significant Gains In Last 3 Months Of 2024, Historical Data Shows
Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the...