Summary
[US Senator Wallon London urges the Secretary of the Treasury and regulators to address the growing threats to the crypto market]US Senator Elizabeth Warren, Democrat of Massachusetts, urged US Secretary of the Treasury Janet Yellen on Tuesday to identify and remedy the risks posed by cryptocurrencies , And develop a “comprehensive coordination” framework so that federal agencies can continue to supervise virtual currencies through this framework. (Zhitong Finance Network)
①Senator Elizabeth Warren (Elizabeth Warren), Democrat of Massachusetts, on Tuesday urged US Secretary of the Treasury Janet Yellen to identify and remedy encryptioncurrencyAnd develop a “comprehensively coordinated” framework so that federal agencies can continue to supervise virtual currencies through this framework; ②Warren is the SenateBankThe members of the committee are also the majorBankLong-term critics. Wallon urged Yellen to use her powers in the Financial Stability Supervisory Commission (FSOC) to create a more secure crypto market. Warren wrote in a letter to Yellen: FSOC must act quickly to use its legal power to resolve the risks of cryptocurrencies and regulate the market to ensure the safety and stability of consumers and our financial system. As the demand for cryptocurrencies continues to grow, these assets are increasingly infiltrating our financial system, and consumers, the environment and our financial system are facing increasing threats.
(Source: Zhitong Finance Network)
.