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Fed’s Waller Says Crypto Regulation Might Help Prevent Bailouts

June 3, 2022
in Regulation
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Federal Reserve Governor Christopher Waller said regulation of crypto trading might be desirable to keep taxpayers from being asked to compensate for losses in a new, volatile market, as well as to prevent bigger market stresses.

“The main issue in crypto-asset regulation isn’t how to protect sophisticated crypto investors; it’s how to protect the rest of us,” Waller said in the text of remarks for a conference in Zurich, Switzerland. “It’s not to protect high-net-worth investors but to protect society from the often-irresistible pressure to socialize the losses of investors with limited resources, and to limit the spread of financial …

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