Bitcoin News: Elizabeth Warren Warns Of Cryptocurrency Risks, Asks SEC To Impose Regulations – By Ben Scheffer (IB Times) / July 8 2021
Sen. Elizabeth Warren, D-Mass., issued a warning about the “highly opaque and volatile” risks of investing in cryptocurrency and called its lack of regulation “unsustainable.”
Warren, who chairs the Senate Banking Committee’s Subcommittee on Economic Policy, sent a letter Wednesday to Securities and Exchange Commission Chair Gary Gensler to lay groundwork for legislation to regulate the popular and growing financial market.
Warren asked Gensler several questions in the letter and said she needed answers by July 28.
“Do you believe that cryptocurrency exchanges are currently operating in a ‘fair, orderly, and efficient’ manner? If not, what problems has the SEC identified that are associated with the use of these exchanges?” she asked.
