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
Singapore bans Polymarket amid national crackdown on online gambling sites Singapore bans Polymarket amid national crackdown on online gambling sites
Backpack acquires FTX EU, Bitcoin and Ethereum ETFs clock over $1 billion worth of inflows and more Backpack acquires FTX EU, Bitcoin and Ethereum ETFs clock over $1 billion worth of inflows and more
South Korea imposes sanctions on North Korean crypto hackers, IT operatives South Korea imposes sanctions on North Korean crypto hackers, IT operatives
Bitcoin drops below $100,000 after Fed Chair Powell’s comment against BTC reserve Bitcoin drops below $100,000 after Fed Chair Powell’s comment against BTC reserve
Iran moves to regulate crypto instead of imposing limits: report Iran moves to regulate crypto instead of imposing limits: report
Latest News More More
5 Hours Ago Sony’s Layer-2 Blockchain 'Soneium' Goes Live
6 Hours Ago Japan’s Remixpoint buys 33.3 additional bitcoin, boosting holdings to nearly $32 million
1 Day Ago Arbitrum, Azuki-backed Animecoin unveils tokenomics with over 50% community allocation
4 Days Ago Mantra and Damac sign $1B deal to tokenize Middle Eastern assets
4 Days Ago Fetch.ai launches $10M accelerator for AI agent startups
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open