Cryptocurrencies

Coinbase, Binance.US, Tether Probed Over Consumer Risks by Key Senator

  • Sherrod Brown sent letters to stablecoin issuers and exchanges
  • Brown says difficult for consumers to fully understand risks
Sherrod BrownPhotographer: Andrew Harrer/Bloomberg
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Sherrod Brown, chairman of the Senate Banking Committee, is probing some of the biggest stablecoin issuers and exchanges for more information about the risks that digital tokens pose to investors and consumers.