Plunge in crypto values boosts calls for regulations

The Hill – In a story about the decline of crypto asset prices, Healthy Markets Executive Director Tyler Gellasch is quoted saying “When the integrity of the system overall is questioned and not reliable, people will walk away. There’s a reason why deposit insurance is important: It prevents runs on the bank. What we’re really seeing in the crypto community is a really powerful, real-time proof of why securities laws and banking laws exist,” he continued. “We’re recreating the very same messes — using new technologies — that bedeviled our great-grandparents and our grandparents.” (Full Story).

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