“Let the Games Begin” – Seeds of Wisdom RV/GCR Update(s) from Goldilocks 1-20-24

Goldilocks and Seeds of Wisdom Graham Steele, U.S. Treasury Assistant Secretary for Financial Institutions, calls for establishing crypto regulation standards to preempt potential crises. U.S. Treasury Assistant Secretary for Financial Institutions Graham Steele emphasized establishing standards before potential crises occur. Speaking at a George Washington University Law School event, Steele highlighted the opportunity for policymakers to learn from past financial crises, like those leading to the Dodd-Frank Act and the National Bank Act. “For crypto-assets, policymakers have a chance to act before a crisis to adopt higher standards that support responsible innovation,” Steele said. He stressed the balance needed in legislative…