Warren Says CFPB Should Crack Down on Cryptocurrency Abuses

The Consumer Financial Protection Bureau has a key role in policing cryptocurrency payments and doesn’t need to wait for other agencies to act before taking steps to crack down on abuses in the market, according to Senator Elizabeth Warren.

“With their intense focus on consumers, the CFPB has a role to play as a cop on the beat,” Warren said in an interview with Bloomberg on Thursday. “Crypto infiltration of the market cuts across different regulatory agency’s jurisdiction. The answer to that is not that each agency should wait for the other to act, it’s that the agencies should all pick up the tools available to them and move.”