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Senator Elizabeth Warren calls for crypto crackdown
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Senator Elizabeth Warren calls for crypto crackdown

Says congress needs to act

Jul 18
2
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Senator Elizabeth Warren calls for crypto crackdown
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Crypto Won't Solve Financial Inequality, Senator Warren Says - Bloomberg

Democratic Senator Elizabeth Warren is calling on Congress and the SEC to take a more aggressive stance with crypto.

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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.”

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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.

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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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