(C) Common Dreams
This story was originally published by Common Dreams and is unaltered.
. . . . . . . . . .



Regulators Warn Crypto Could Cause Another Financial Crisis [1]

[]

Date: 2024-12-12 10:31:12+00:00

As the cryptocurrency industry scored massive electoral wins in November and skyrocketing crypto prices currently push the global valuation to more than $3 trillion, federal regulators have issued warnings about the nascent industry’s potential to cause widespread disruptions to traditional banking and financial markets.

The reports, which highlight crypto’s volatility, lack of regulations, and growing ties to traditional markets, echo alerts issued about the subprime mortgage industry before the 2008 financial crisis.

[END]
---
[1] Url: https://www.levernews.com/regulators-warn-crypto-could-cause-another-financial-crisis/

Published and (C) by Common Dreams
Content appears here under this condition or license: Creative Commons CC BY-NC-ND 3.0..

via Magical.Fish Gopher News Feeds:
gopher://magical.fish/1/feeds/news/commondreams/

You are viewing proxied material from magical.fish. The copyright of proxied material belongs to its original authors. Any comments or complaints in relation to proxied material should be directed to the original authors of the content concerned. Please see the disclaimer for more details.