Senate Banking Committee Chair: Working with Federal Agencies to Crack Down on Crypto

FTX’s spectacular collapse should be a wakeup call for Congress to address risks posed by the largely unregulated crypto industry, Senate Banking Committee Chair Sherrod Brown said. He and colleagues are "trying every day" to get new regulations in place and working with federal agencies to "crack down on crypto."

"It’s not like we snap our fingers and get a crypto bill through the Senate and through the House," Brown said on CNN’s State of the Union on Sunday. "Half the Senate, the Republicans and a handful of Democrats, still think crypto is legitimate and that it is something that should be a significant part of our economy."

Source

FTX

Policy and Regulation

Related News
Japan to Allow VC Firms to Directly Invest in Startups that Only Issue Crypto Asset Japan to Allow VC Firms to Directly Invest in Startups that Only Issue Crypto Asset
U.S. Court Allows Genesis to Liquidate $1.3B Worth of GBTC Shares U.S. Court Allows Genesis to Liquidate $1.3B Worth of GBTC Shares
FTX Plans to Repay Customers in Full and The Exchange will not Re-start FTX Plans to Repay Customers in Full and The Exchange will not Re-start
FXT Claims Now Trading at almost 80 cents to the Dollar FXT Claims Now Trading at almost 80 cents to the Dollar
FTX Sold More than Two-thirds of its Grayscale Bitcoin Trust Shares FTX Sold More than Two-thirds of its Grayscale Bitcoin Trust Shares
Latest News More More
9 Hours Ago Morgan Stanley Considering Add Spot Bitcoin ETF to its Brokerage Platform
10 Hours Ago Bitcoin Staking Protocol Babylon Launched Testnet
11 Hours Ago Crypto Mining Giant Marathon Digital Unveils Bitcoin Layer 2 Network Anduro
1 Day Ago Risk Manager Gauntlet Quits Aave and Moves to Rival Lending Protocol Morpho
1 Day Ago BlackRock's Spot Bitcoin ETF Recorded $1.3B Daily Trading Volume, Breaking Monday's Record
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open