Senator Elizabeth Warren calls for crypto crackdown
Says congress needs to act
Democratic Senator Elizabeth Warren is calling on Congress and the SEC to take a more aggressive stance with crypto.
On Sunday, Warren told Yahoo Finance that “Congress needs to act, but the SEC has a responsibility to use its authorities to put guardrails in place and crack down on crypto actors that break the rules.”
The Senator said she’s been “ringing the alarm bell on crypto” and recommending enforcing “stronger rules” on the sector to protect consumers and financial stability.
She concluded that “too many crypto firms have been able to scam customers and leave ordinary investors holding the bag while insiders make off with their money.”
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