Have you ever wondered who is behind the ongoing crypto crackdown in the United States? In truth, there are a lot of people involved, but one of them appears to be Michael Barr, the vice chair for supervision at the Federal Reserve.
In addition to being anti-crypto, Michael was one of the architects behind the Dodd-Frank Act which introduced things like bank bail ins and the Consumer Financial Protection Bureau. For context, the CFPB was allegedly behind the original Operation Chokepoint.
Dodd-Frank also included the creation of vice chair for supervision at the Fed which Michael now coincidentally holds. It seems that Michael is planning on using his powers to crack down on the crypto industry and further consolidate the banking sector.
This is a video you do not want to miss!
⛓️ 🔗 Useful Links 🔗 ⛓️
► Michael Barr Crypto Speech Full Text: https://www.federalreserve.gov/newsev…
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.