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US Senator Warren urges Treasury's Yellen, FSOC, to regulate cryptocurrencies

( July 29, 2021, 15:32 GMT | Official Statement) -- MLex Summary: US Senator Elizabeth Warren has asked Secretary of the Treasury Janet Yellen to use her role as Chair of the Financial Stability Oversight Council, or FSOC, to address the risks of cryptocurrencies. The Massachusetts Democrat noted the growing demand for cryptocurrencies, and warned of the many ways that these cryptocurrencies could pose risks to the financial system of the US. She called on the FSOC to "take a leading role in developing a comprehensive regulatory regime for cryptocurrencies."See document below....

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