Cryptocurrency regulations among various countries should be “harmonized…so that gaps don’t occur that are missed by regulators,” Elizabeth McCaul, a member of the European Central Bank’s supervisory board, said in 28 November remarks at the Financial Times Crypto and Digital Assets Summit.
Sheila Bair, who chaired the Federal Deposit Insurance Corporation (FDIC) during 2008’s Great Recession, lamented the crypto industry’s lack of regulation during a 17 November CNBC interview.
A few weeks ago, we pointed out that the stablecoin Tether (USDT) exhibited some worrying signs, including a delay on its pledge to fully provide accounting for and revealing its mechanisms and backing for maintaining its “1 to 1” peg to the U.S. dollar.
The fact that Sam Bankman-Fried is still walking free is a sign of just how up to their ears political and financial elites, as well as the MSM, are in the FTX scandal.