Crypto Price Check: Regulators Start New Year With a Warning

By Rob Lenihan Federal banking regulators have put banking organizations on notice about their crypto activities, and bitcoin could be heading for a violent swing. The new year got off to a shaky start for the crypto sector, with three federal agencies coming together to issue a stern warning on the very first working day of 2023. The board of governors of the Federal Reserve System, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency issued their first ever joint warning to banks over the risks associated with the cryptocurrency market. The agencies said they…