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More Americans Will Turn to Crypto If Fed Relaxes Post-2008 Measures, Analysts Say

Published 05/24/2018, 06:24 PM
Updated 05/24/2018, 08:03 PM
More Americans Will Turn to Crypto If Fed Relaxes Post-2008 Measures, Analysts Say

More Americans may move away from traditional finance and into crypto if the the U.S. Federal Reserve (Fed) relaxes post-2008 financial regulations, according to a study published by Weiss Ratings May 22.

The Fed is set to meet on May 30 to consider watering down the “Volcker Rule,” in what would be a major deregulatory move. The relaxing of the “Volcker Rule” would allow thousands of banks to make high risk profit-seeking trades with less government oversight.

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