Law decoded, from September 5 to 12: pressure is mounting in the United States

Last week, regulators worried about the "disintegration" of the financial sector and global energy consumption, all at cause of cryptography.

While the past week has brought no issues from the market side of the crypto industry – no frozen trades, no filed bankruptcy – US regulators have made some explicitly negative statements.

Michael Barr, recently appointed Vice Chairman for Oversight of the Federal Reserve Board, has pledged to “ensure that crypto activity within banks is well regulated, based on the principle the same risk, the same activity, the same regulations, whatever the technology used for the activity. In Barr's opinion, people "can come to believe they understand new products only to learn that they don't."

Michael Hsu, Acting Comptroller of Currency at the Clearing House and Bank Policy Institute's annual conference, mentioned stablecoins and the collapse of Terra (LUNA) - now renamed Terra Classic (LUC) - as an example of potential crypto disruption. He also noted that the relationship between banks and fintech companies is changing rapidly and causing "disintegration" in the financial sector.

The White House Office of Science and Technology Policy has looked at the environmental and energy impact of crypto assets, focusing on their contribution to energy consumption and greenhouse gas emissions. tight. From