U.S. Senator Elizabeth Warren says 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.” She stressed the need for stronger rules, urging the Securities and Exchange Commission (SEC) and Congress to take action on crypto regulation.
Calling on the U.S. Securities and Exchange Commission (SEC) to act, she emphasized:
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.
“I’ve been ringing the alarm bell on crypto and the need for stronger rules to protect consumers and financial stability,” the senator added.
Warren stressed:
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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