Federal Reserve bank regulator Michael Barr warns against banks owning crypto-assets, raising financial stability concerns

From Cointelegraph

January 06, 2025 8:07 PM:

Fed’s Barr warned against banks directly owning crypto-assets on their balance sheets, calling it “unsafe and unsound.” This statement raises concerns about financial stability and regulation in the crypto industry. The Federal Reserve’s stance on cryptocurrencies and their impact on traditional banking is clear and cautious.

Read more at Cointelegraph: Federal Reserve bank regulator Michael Barr to step down