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According to Coindesk, though the crypto industry is a sliver of the overall U.S. financial system, the “growing interest by traditional finance” firms should put regulators on notice of dangerous risks to come, said Christy Goldsmith Romero, a commissioner with the U.S. Commodity Futures Trading Commission. Just as other current U.S. regulators have argued, the crypto industry echoes certain elements of finance in the runup to the 2008 global meltdown, said Goldsmith Romero, who is the lead commissioner for the agency’s technology advisory committee. While suggesting the U.S. shouldn’t rush regulations, she did offer the CFTC as the answer for dealing with the industry’s risk.

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【Crypto echoes risks of 2008 financial crisis, says US CFTC Commissioner】According to Coindesk, though the crypto industry is a sliver of the overall U.S. financial system, the “growing interest by traditional finance” firms should put regulators on notice of dangerous risks to come, said Christy Goldsmith Romero, a commissioner with the U.S. Commodity Futures Trading Commission. Just as other current U.S. regulators have argued, the crypto industry echoes certain elements of finance in the runup to the 2008 global meltdown, said Goldsmith Romero, who is the lead commissioner for the agency’s technology advisory committee. While suggesting the U.S. shouldn’t rush regulations, she did offer the CFTC as the answer for dealing with the industry’s risk.

Crypto echoes risks of 2008 financial crisis, says US CFTC Commissioner

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