Crypto
Warner discusses collapse of cryptocurrency exchange
WASHINGTON, DC (WDBJ) – The Senate Banking Committee will take up the collapse of the cryptocurrency alternate FTX throughout a listening to Wednesday morning.
In a dialog with reporters Tuesday afternoon, Sen. Mark Warner stated he will likely be working to strengthen oversight of cryptocurrency and different monetary instruments which can be at the moment unregulated.
Warner made the feedback throughout a teleconference from Washington.
He stated he has been open to innovation within the space of block chain expertise, however has critical questions on its goal and advantages.
“With all of those unregulated areas the place we contact funds, we run the chance of shoppers being harmed,” Warner stated. “And that is an space the place I count on to be working with colleagues on a legislative resolution within the coming weeks and months.”
Warner stated he doesn’t wish to take one monetary disaster and apply it to the whole sector, however relating to questions and concern, he stated we could be seeing the tip of the iceberg.
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