-
Kevin Warsh says crypto already part of US financial system – calls CBDC a 'bad policy choice'
Federal Reserve Chair nominee Kevin Warsh said on Tuesday that cryptocurrencies are already embedded in the U.S. financial system, pushing back on the idea that the sector still sits outside mainstream finance. During his Senate confirmation hearing, Warsh was responding to a question from Senator Cynthia Lummis (R-Wyo.), a prominent advocate for digital assets, on whether cryptocurrencies should be integrated into the financial system to expand investment access and consumer protections. “Digital assets are already part of the fabric of our financial-services industry.” – Kevin Warsh, Federal Reserve Chair ... (full story)