The recent crash in crypto prices and the ensuing failure of several large digital asset lenders, funds and brokers “highlights the urgent need” for the digital asset industry to comply with existing financial regulations, Federal Reserve Vice Chairwoman Lael Brainard said Friday.
“Future financial resilience will be greatly enhanced if we ensure the regulatory perimeter encompasses the crypto financial system and reflects the principle of same risk, same disclosure, same regulatory outcome,” she said at a speech at the…