• Bank of England’s deputy governor worried about the risk of crypto assets.
• A US Senator slammed the crypto-world.

Although the cryptocurrency world is being attacked once more, this topic isn’t new to the minds of those in the industry. In detail, the Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has alerted the public about the possibility of the price of cryptocurrencies falling. Solid cryptos include,, and the other altcoins available on the marketplace.

Sir Jon Cunliffe explained:

We really need to roll our sleeves up and get on with it, so that by the time this becomes a much bigger issue, we’ve actually got the regulatory framework to contain the risks.

He added that he worried about the risk that the crypto assets might bring if it integrates into the economy’s financial system. “The point, I think, at which one worries is when it becomes integrated into the financial system — when a big price correction could really affect other markets and affect established financial market players, he said.”

Other news: American politicians also voiced concern over the growing market for cryptocurrency. In a tweet, Senator Elizabeth Warren of America stated that cryptocurrency can harm the economy and consumers.

Stablecoins pose risks to consumers & to our economy. They’re propping up one of the shadiest parts of the crypto world, DeFi, where consumers are least protected from getting scammed. Before it’s too late, regulators must get serious about enforcing regulations.

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