'Barr can't be trusted to make enemies of the old banks or the new fintechs when necessary for the safety and soundness of the financial system.' revolvingdoorDC
—mobile applications and other technologies that automate financial transactions—and a member of the advisory council for the Alliance for Innovative Regulation, a think tank which has received funding from fintech and cryptocurrency firms"and has advocated extreme regulatory reform measures."
"And yet, as familiar as that story has become, many appear not to have learned its lessons," they added."When it comes to the cryptocurrency and fintech industries, which some believe could be responsible for the next crash, concerns about the revolving door have too often been waved away."that digital assets"have no intrinsic value and are vulnerable to major price corrections," and pose a concern to financial stability.
"When something in the financial system is growing very fast, and growing in largely unregulated space, financial stability authorities have to sit up and take notice," he said.
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