Elizabeth Warren wants to see a significant crypto bill passed. Sherrod Brown argues it’s too soon
Join Our Telegram channel to stay up to date on breaking news coverage Bipartisan proposals for legislation to regulate the business have been sparked by the crypto catastrophe caused by the digital currency exchange FTX, but at least one influential legislator is advising caution. Sherrod Brown, the chair of the Senate Banking Committee and a vocal opponent of crypto currencies, said on Tuesday that he is considering holding a hearing on the FTX fiasco and has spoken to the Securities and Exchange Commission about the crisis. But Brown told reporters he wasn’t sure whether legislation was necessary, noting that the crypto business itself might have a big impact. Brown’s support is essential because his committee is tasked with creating the laws that regulate organizations like the SEC and federal banking regulators that are likely to participate in regulation. A plan that would give the Commodity Futures Trading Commission, the SEC’s sibling organization, co...