Federal Reserve: Crypto and DeFi Insights from Recent Turbulence Through a Financial Stability Lens

Federal Reserve | Jul 8, 2022 Speech:  Vice Chair Lael Brainard at Bank of England Conference, London, United Kingdom Recent volatility has exposed serious vulnerabilities in the crypto financial system.  While touted as a fundamental break from traditional finance, the crypto financial system turns out to be susceptible to the same risks that are all

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