Summary of Article:
- Senator Elizabeth Warren is attempting to create a new bipartisan committee, which will focus on investor protection in the cryptocurrency space.
- Some Republican lawmakers such as Roger Marshall and John Kennedy are co-sponsoring the committee and have expressed their support for it.
- Despite this, there are still those who criticize Warren’s bias against cryptocurrencies, believing she is attempting to bring them down to the bottom of the financial totem pole.
Elizabeth Warren Seeks To Establish New Congressional Crypto Committee
Senator Elizabeth Warren of Massachusetts is working to create a new bipartisan committee that will look into the problems surrounding the digital currency space. The committee will also be devoted to investor protection. GOP lawmakers like Roger Marshall and John Kennedy are co-sponsoring the committee and expressing their support for it.
The senator is allegedly concerned about the fall of FTX and the mishandling of funds by Sam Bankman-Fried, believing that this has exposed vulnerability in the cryptocurrency space like never before. She has also been critical of Fidelity for offering its retirees investment options in crypto assets with their funds.