Elizabeth Warren: "Congress should start taking tougher measures against cryptocurrencies
Democratic Senator Elizabeth Warren is calling on Congress and the Securities and Exchange Commission (SEC) to take a tougher stance on cryptocurrencies in light of the recent high-profile bankruptcies of lenders such as Celsius, Vauld, Voyager and BlockFi.
Warren told Yahoo Finance on Monday that "Congress must act, but the SEC is obligated to use its authority to install fences and crack down on crypto actors who violate the rules."
The senator from Massachusetts said that she is "sounding the alarm in cryptocurrency" and recommends introducing "stricter rules" in this sector to ensure the protection of customer funds.
She added that "too many crypto firms have been able to deceive customers and leave ordinary investors holding the bag while insiders run away with their money."
Last December, Warren wrote Jeff Kirt, CEO of bitcoin mining company Greenidge, an angry letter in which she raised the issue of "high energy consumption and carbon emissions", which she claimed could harm the environment and increase the cost. electricity to ordinary consumers.
https://coin-signal.com/cryptonews/elizabeth-warren-congress-should-start-taking-tougher-measures-against-cryptocurrencies/
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