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The Roundtable: Did the Fed "FUD" Crypto?

Making sense of the Fed's recent supervisory letter on crypto regulations.

A panel of experts joined Roundtable to discuss the current state of the financial markets. In this segment, they discuss the coming of crypto regulations and the first halting efforts of the federal government to enter the space. 

Alyssa Jordan, a compliance officer, does not put much stock in the government report, which she considers unhelpful and overly negative.  

"That Fed opinion that came out the other day, the supervisory letter on crypto,  resonated with me like classic 'FUD' in the crypto space," she says. "Fear, uncertainty and doubt—it was just more of the same, history repeating itself."

Marc LoPresti, of Moneta Advisory Partners, says that regulatory certainty is inevitable and will benefit everyone—if done correctly. 

"Crypto is a risk asset, and the reason that it is not an inflationary hedge for the broader markets, like gold, is the scale of adoption," he says. "Crypto's big, but it's early and it has not been adopted at scale by institutions [because] they require regulatory certainty. If there's something that drives appreciation of an emerging asset class, it's regulatory certainty." 

"Give us the rules so we can play by them," he continues. "Do not regulate through enforcement." 

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Watch the full discussion below:

Roundtable Guests:

Marc LoPresti, Managing Director, Moneta Advisory Partners

Julie Lamb, Founder, NFT-VIP

Alyssa Jordan, Tech Firm Chief Compliance Officer