Federal Reserve official calls for tighter control of the crypto market

Most American politicians and officials believe that the cryptocurrency market needs regulation.
And some of them are in favor of maximum control over the industry and the earliest possible implementation of a regulatory framework. Michael Barr, a former advisor to the head of Ripple Labs who is now a member of the Federal Reserve Board, calls for the legalization of the digital currency market.
In his opinion, regulation of the cryptosphere can be based on the U.S. banking laws already in place.

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