Cryptocurrency Statement from the Vice President of the Fed!

FTXRegulators’ attention has returned as the bankruptcy leaves many victims behind. cryptocurrency converted to units.

Talking today about inflation, interest rate hikes and the economic trajectory Fed Vice Chairman Lael Brainard FTXHe talked about his bankruptcy. Stating that cryptocurrencies are highly concentrated and interconnected, Brainard used the following statements about cryptocurrencies:

“FTXIt is very sad to see retail investors hurt by the bankruptcy of .

Cryptocurrencies are far from decentralized as described, they are interconnected and in a highly concentrated structure.

FTX‘s bankruptcy reinforces the notion that regulation is needed for crypto markets.

Appropriate regulations are needed for these platforms to support innovation.”

Brainard’s statements on inflation and interest rate hikes were as follows:

“There are currently complex risks and global inflation there is.

A rapid tightening can cause economic problems.

FED very focused on the possible repercussions of tightening.

FED‘s primary goal is to meet inflation expectations.

FED It has demonstrated its determination in the fight against inflation and will continue to do so in the future.

It is difficult to say now how the rate hikes will continue.

It will probably be appropriate to switch to a slower rate of increase soon.

Considering many factors FED He is interested in reaching the 2% inflation target.”