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Crypto News

Fed Vice Chair Pick and Ex-Ripple Adviser Tells Senators Crypto Needs Regulation

Michael Barr, a former Ripple adviser nominated by President Joe Biden to run the Federal Reserve’s oversight of the U.S. financial sector, sees cryptocurrency technology offering “some potential for upside and also some significant risks,” he said during a Senate hearing Thursday. While his time on the board of advisers at Ripple wasn’t raised during […]

Crypto News

Biden Administration Wants Crypto Exchanges to Separate Customer and Corporate Funds

“Instead of focusing on the lack of client asset segregation at digital asset exchanges, which is also true with securities held in ‘street name’ at DTCC, legislators should work on a Digital Asset Investor Protection Act that mirrors the Securities Investor Protection Act,” said Dave Weisberger, co-founder and CEO of CoinRoutes, Inc. It could give […]