Rep. Brad Sherman asks for increased regulation, calls out 'billionaire crypto bros'

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Rep. Brad Sherman asks for increased regulation, calls out 'billionaire crypto bros'
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The chairman of the Subcommittee on Investor Protection and Capital Markets is the latest to join calls for crypto regulation.

by the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission into its mismanagement of customer funds and relationships with FTX.US and Alameda Research.

Sherman he has advocated for Congress and federal regulators to take an"aggressive approach" in confronting any societal threats posed by cryptocurrencies and plans to examine options for federal legislation in the coming weeks.

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