Cryptocurrencies Offer Innovative Possibilities, But Also Pose Risks

The hype around crypto has been hard to ignore considering President Biden signed an executive order last month to examine potential regulatory changes as well as the economic impact of digital assets. Credit unions play a role in assessing the strengths, weaknesses, opportunities and threats as financial and technological innovations evolve and consumer demands change.

While the strategic path for credit unions may feel unclear, consumer demand for crypto cannot be ignored and Filene's latest report, The Path Forward for Crypto: What Credit Unions Need to Know, offers next steps for credit unions.