Federal Reserve Governor Says Bitcoin, Crypto Regulation Is For “The Rest Of Us” Today

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  • Federal Reserve Board of Governors member Christopher Waller recently explained regulating bitcoin and cryptocurrency markets is to “protect the rest of us.”
  • The board member explains that fear of unstable markets for new investors inherently weakens the ecosystem as users look to socialize losses.
  • The governor said the space is evolving from assets like bitcoin “meant to provide an alternative means of payment,” to risky financial exposure.

Christopher Waller, a member of the Federal Reserve Board of Governors, said regulation of bitcoin and the broader cryptocurrency market is not to protect experienced investors in the space, rather “it’s how to protect the rest of us.”