Lagarde Calls for Crypto Crackdown, Says They’re ‘Based on Nothing’

Christine Lagarde, head of the European Central Bank (ECB), speaks at a press conference in Frankfurt, Germany, on Oct. 28, 2021. Thomas Lohnes/Getty Images

European Central Bank President Christine Lagarde has taken aim at cryptocurrencies, arguing in an interview on Dutch television that they’re essentially “worth nothing” as they lack underlying assets “as an anchor to safety” while calling for them to be regulated.

Lagarde made the remarks in an interview on the Dutch television program “College Tour,” due to be released on May 22, according to Politico.