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FSB Chairman Klaas Knot: The correlation between the Crypto Assets market and the TradFi system is increasing.
Gate News bot message, the Financial Stability Board ( FSB ) is about to see its chairman Klaas Knot step down and has released a latest statement. According to CrowdfundInsider, Knot pointed out that stablecoin issuance institutions currently hold a large amount of U.S. Treasury bonds, and the connection between the Crypto Assets market and the TradFi system continues to deepen.
At the same time, the launch of the Crypto Assets ETF has lowered the participation threshold for retail investors. In response to this development, Knot stated: "The encryption ecosystem is evolving, and the regulatory framework must also adjust accordingly."
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