FTX's crash has sparked contagion throughout the crypto sector, but the Federal Reserve doesn't consider it a risk to the broader financial system

Jan 5 2023 by Business Insider

 
Sam Bankman-Fried

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Fed policymakers weren't concerned about FTX's impact on financial markets outside of crypto, according to minutes from their December meeting.  But they acknowledged that FTX's collapse weighed on the digital asset sector.  "While the spillovers from this situation had been significant among other crypto lenders and exchanges, the collapse was not seen as posing broader market risks to the financial system." 

The implosion of crypto exchange...

Continue Reading FTX's crash has sparked contagion throughout the crypto sector, but the Federal Reserve doesn't consider it a risk to the broader financial system