The former FDIC official spoke about the regulator’s view of crypto on a show he attended.
Former FDIC official Jason Brett shared the perspective of one of the regulators in the industry on crypto in a show he attended. According to the former official, there is no friendly view of crypto.
Jason Brett: No Friendly Look at Crypto
Jason Brett, a former official with the Federal Deposit Insurance Corporation (FDIC), noted that US regulators may be using the latest turmoil in the financial world to kick crypto companies out of the banking system.
Jason Brett said on a show he attended that efforts to keep crypto companies out of the US banking system may have happened even before the last bank crash.
Brett, managing director of the Key Bridge Advisors consulting firm and a Forbes regulatory analyst for digital assets, said of the outlook for crypto:
“It’s about being friendly towards crypto and there’s no such thing.”
Commenting on the regulators in the USA, Brett continued his words as follows:
“Efforts by federal regulators to block crypto companies from accessing the US banking system may have occurred even before the recent bank crashes.”
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