The liquidity crisis experienced by the cryptocurrency exchange FTX attracted the attention of US senators and regulators. Officials working on the cryptocurrency industry gave their opinions on the subject.
FTX, which has been struggling with the liquidity crisis for the last 1 week, has attracted the attention of many institutions and organizations. US senators made statements on the subject.
Chairman of the Senate Agriculture Committee Debbie Stabenow In a statement, he suggested that the collapse of FTX demonstrates the need for increased federal oversight of the cryptocurrency sector. President Stabenow consumers, companies lack of transparency and accountability He said he continued to suffer.
Debbie Stabenow’s Republican Companion, Senator John Boozman to Stabenow gave support. He stated that, together with his counterpart, they are determined to develop the latest version of DCCPA, a new regulatory framework that allows international cooperation and gives confidence to consumers. Officially August 3, 2022In the event that the DCCPA announced in .
Chairman of the Senate Banking Committee, Senator Sherrod BrownHe stated that the collapse of FTX is an important warning bell that cryptocurrencies can fail. Arguing that the investigation of the collapse is very important for the detection of abuses, the Senator said that such crises can easily occur in the market. that it can spread therefore, we look forward to protecting consumers, US markets and the banking system. determined to find the best way announced that they were.
Senior Member of the Banking Committee Patrick Toomey Unlike Brown, he argued that what happened was a result of regulators’ refusal to guide bona fide actors and congressional action. It was noteworthy that Senator Toomey made similar statements with the CEO of Ripple and Coinbase.
Chairman of the Financial Services Committee Maxine Waters, He suggested that the FTX case is an indication of how much the crypto market needs federal oversight. Approximately 4 years Noting that during his leadership, the committee explored the crypto money industry, Waters also worked with Patrick McHenry for stablecoins. a double-sided stablecoin framework stated that they are working to create
Patrick McHenry spoke to Waters on the subject. more moderate approached. Consumers of the new framework while protecting ivonation too not preventing stressed the need.
Senator Cynthia Lummis and Elizabeth Warren were among the officials who argued that the solution was through a tighter regulatory framework. The couple is currently anti-crypto policies was known for.
While the general opinion of the authorities is that the regulatory framework is tightening even more, crypto bosses say that what is happening is the regulatory framework. not applicable He claimed it was a result of it.