Breaking: US Fed's Michael Barr Says Banks Should Notify Crypto Activity

Crypto News Today: Amid much debate over the United States’ unclear approach to crypto market, Michael Barr, the US Federal Reserve’s vice chair for supervision, revealed some interesting plans around the space. He had delivered a speech at the Peterson Institute for International Economics, Washington, D.C. on supporting crypto innovation while supervising and regulating crypto market related engagement by the country’s banks. Most interestingly, Barr acknowledged that the central bank is aware of the “potential transformative effect” the cryptocurrencies can bring to the world of finance.