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US Senate Banking Committee to Hold Hearing on Crypto Protections

Katie Lin

Summary: The Senate Banking Committee will be holding a hearing on Feb. 14 to examine protections from dangers in the crypto industry, according to reports by CoinDesk. The hearing, titled “Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets,” is one of the first among many issues to be addressed by the Senate. Chairman ...

The Senate Banking Committee will be holding a hearing on Feb. 14 to examine protections from dangers in the crypto industry, according to reports by CoinDesk.

The hearing, titled “Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets,” is one of the first among many issues to be addressed by the Senate.

Chairman Sherrod Brown had written a letter to Treasury Secretary Janet Yellen in November saying he wants to begin serious oversight of crypto. Sen. Tim Scott said in a statement on Thursday that it is important for the committee to create a bipartisan regulatory framework.

Author: Katie Lin

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