A crackdown on digital-assets companies is reminiscent of a campaign targeting gun sales, Federal Reserve Chairman Jerome Powell was told.
Highlights
- The three regulators warned they would take a “careful and cautious’ approach to banks’ interactions with crypto companies following a spate of collapses.
- Two days ago, Silvergate Bank, a lender with heavy exposure to the sector, said it is shutting down.
- A crackdown on digital-assets companies is reminiscent of a campaign targeting gun sales, Federal Reserve Chairman Jerome Powell was told.
- The crackdown is similar to a similar crackdown on gun sales targeting gun companies, he was told in a speech at the Federal Reserve on Jan.
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