Cryptocurrencies
FTX Should Rattle Crypto Backers in Congress, Top Democrat Says
- Half of Senate views crypto as legit, Banking chair Brown says
- Brown says regulation can protect national security, investors
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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.
The Ohio Democrat said he and colleagues are “trying every day” to get new regulations in place and working with federal agencies to “crack down on crypto.”