Standard & Poor's; Current Crypto Drop is "A Timely Warning"

International credit rating agency Standard & Poor's (S&P) noted that the drop in cryptocurrency markets was a "timely warning", and underlined that this would not have a significant impact on traditional financial markets or macroeconomics.

In the announcement from Standard & Poor's, it was stated that this limited impact was due to the relatively small size of the thriving crypto ecosystem and its limited connection to traditional finance. According to the announcement, the recent decline in crypto assets, including stablecoins, will have no significant impact on traditional financial markets or macroeconomics because these assets are not yet systematically significant. The assessment then stated, "Next time things may be different as the crypto industry continues to grow." While it was stated that the fluctuations caused by the decline of crypto assets particularly affected small investors, it was also stated that the potential risks inherent in the ecosystem in question form the basis of regulatory pressure.