Fed's Barr Offers His (Skeptical) Voice on Crypto

Also, SEC IG will soon release report on glitch that led to missing comments; House panel debates CFPB's funding

While it’s not likely a surprise to those who’ve been following bank regulators’ recent actions on crypto, Fed Vice Chair for Supervision Michael Barr today placed himself squarely in the skeptic camp.

Making his first extensive remarks on digital assets, Barr gave a nod to the “potential” public benefits of the technology, but then quickly pivoted to no…