Cryptocurrencies

FTX Debacle Shows Need for Crypto Regulation, Yellen Says  

  • Crypto isn’t yet a threat to wider financial system: Yellen
  • Doesn’t see SLR as only factor in low Treasuries liquidity
Photographer: Erhan Demirtas/Bloomberg
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US Treasury Secretary Janet Yellen said the implosion of Sam Bankman-Fried’s FTX crypto empire reinforced her view that the market for digital assets required “very careful regulation.”