Cryptocurrencies
Crypto Market Attracts Fed Scrutiny Over 'Emerging Risks'
- Sector received a notable mention in January’s Fed minutes
- Participants said DeFi, crypto assets are ‘emerging risks’
The Marriner S. Eccles Federal Reserve building in Washington, D.C.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
The crypto world continues to be in the spotlight this week, with the Federal Reserve reiterating a warning of potential economic risks just days after digital-asset firms dominated the advertisements during the Super Bowl.
“Some participants saw emerging risks to financial stability associated with the rapid growth in crypto-assets and decentralized finance platforms,” minutes from the Fed’s January meeting showed when released Wednesday.