Share this article
U.S. Senator Elizabeth Warren has published a letter to the SEC, asking the regulatory body to confront the potential risks of cryptocurrency and answer questions about current regulation.
Regulations Are Needed, Warren Says
In a statement related to her letter, Warren noted: “While demand for cryptocurrencies and the use of cryptocurrency exchanges have sky-rocketed, the lack of common-sense regulations has left ordinary investors at the mercy of manipulators and fraudsters.”
Warren’s letter observes that, in a five-month period, 7,000 individuals reported a total of $80,000 in losses from crypto scams. That statistic was based on a report from…