Embrace regulation for crypto to flourish, says former Barclays CEO Bob Diamond on SquawkCNBC
on CNBC's Squawk Box, former Barclays CEO Bob Diamond advocated for the cryptocurrency industry to stop shying away from much-needed regulation.
Diamond's call for more regulation resonates with the prevailing sentiment within the industry and among regulators. They believe that a lighthouse of clearer guidelines is essential to protect consumers and maintain the ship of the financial system on a steady course.On the broader financial spectrum, Diamond gave a thumbs-up to the Federal Reserve's handling of interest rates and inflation.
He proposed that the current inflationary pressures are different from previous epochs and that the Fed's response strategy has been largely successful.
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