The United States Might Need to Ban Crypto, Says Banking Committee Chief

United States News News

The United States Might Need to Ban Crypto, Says Banking Committee Chief
United States Latest News,United States Headlines
  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Senator Sherrod Brown thinks banning crypto could be an option for addressing all of the technology’s related risks.

U.S. Senator and chairman of the Senate Banking Committee, Sherrod Brown , spoke on Sunday about what actions regulators need to take after the implosion of FTX.

However, he claimed the FTX collapse represents just one large part of the dangers of crypto, which includes Ponzi schemes, poor consumer protections, and national security threats. Among those threats are “Korean cybercriminals,” “drug trafficking,” “human trafficking,” and terrorist financing. Todd asked Brown if he thought the regulatory approach may be giving an inappropriate green light to a technology that ought to be banned entirely.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Crypto_Potato /  🏆 568. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Laurence O'Fuarain & Sophia Brown Interview: The Witcher Blood OriginLaurence O'Fuarain & Sophia Brown Interview: The Witcher Blood OriginWe chat with TheWitcherBloodOrigin stars Laurence O'Fuarain & Sophia Brown about which clan is superior and how invested they are in the lore of TheWitcher:
Read more »

Rivals.com - Florida four-star 2023 CB Damari Brown covers top three schoolsRivals.com - Florida four-star 2023 CB Damari Brown covers top three schools
Read more »

Travis County Sheriff’s Brown Santa program distributes food, toysTravis County Sheriff’s Brown Santa program distributes food, toysFor 41 years, Travis County Sheriff's deputies have helped provide Christmas joy for families in the community as part of the Brown Santa program.
Read more »

Shocking pics of critically endangered brown bears living on garbage dumpShocking pics of critically endangered brown bears living on garbage dumpA study by the Indian wildlife conservation charity Wildlife SOS found that 75 percent of the bears' diet consisted of human food waste.
Read more »

Sister Wives Star Christine Brown Calls It 'Super Embarrassing' Kody Was No Longer Attracted to HerSister Wives Star Christine Brown Calls It 'Super Embarrassing' Kody Was No Longer Attracted to Her'I just got to thinking you know what? It really just goes both ways,' says Christine -- as Robyn reveals how she would have handled the situation (via toofab)
Read more »



Render Time: 2025-02-21 11:48:58