Making sense of mixed signals, Dec. 13–20 -Breaking
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Any jurisdiction’s crypto regulation system is the result of a compromise between many institutional, group, and individual interests that have influence over financial and monetary policies. This is why sometimes contradictory signals are often sent from different power centers.
Speaking about systemic risks facing the world’s largest economy last week, the United States Federal Reserve chair said digital assetsThese were not financial stability concerns. The U.S. Financial Stability Oversight Council released a report two days later stating that both stablecoins as well decentralized were safe.Financial stability could be at risk from finance. The source of this discrepancy could lie in the fact that the Fed’s mandate is to maintain a robust economy, while the FSOC, which has roots in the Dodd-Frank reform, is explicitly tasked with spotting systemic risks. The shape of each regulator’s hammer will determine how they view the digital assets nails. This is true even outside the U.S.
FUD from Russia
U.S. partisan divide
U.S. watchdogs provide updates
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