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State of Crypto: What Regulators Said at Consensus 2021

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State of Crypto: What Regulators Said at Consensus 2021

CoinDesk’s Consensus 2021 ended today, but the conversations will continue (I hope, or else I’m going to need a new job). If you missed it, you can catch up on all of the coverage here, but I wanted to briefly dig into some of the regulation-related panels and sessions from this week.

CoinDesk’s annual conference usually features a host of policymakers and regulators explaining how they’re approaching crypto and how that approach has changed over the past few years. Here are some of this year’s highlights.

Federal Reserve Governor Lael Brainard: The U.S. central bank official opened Consensus with a breakdown of how exactly the Boston Fed is looking at a digital dollar from a policy perspective.

The governor of Wyoming revealed he owns cryptocurrencies, and said he’s concerned about government-issued digital currencies.

International Monetary Fund Division Chief Tommaso Mancini-Griffoli: The IMF division chief said that, hypothetically, a world with multiple reserve currencies would be fairly stable. He was responding to a question about China’s digital yuan.

U.S. Sen. Cynthia Lummis: The crypto-friendly lawmaker’s Financial Innovation Caucus officially launched on Tuesday, with Sen. Cynthia Lummis (R-Wyo.) and Sen. Kyrsten Sinema (D-Ariz.) spearheading the effort.

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