Senator Sherrod Brown advocated a complete ban on cryptocurrencies – Bits Media

The chairman of the US banking committee Sherrod Brown invited American regulators to consider the possibility of banning cryptocurrencies from fears, that crypto assets pose a threat to national security.

These comments Sherrod Brown (Sherrod Brown) Made in the MEET program The Press on the NBC channel. He considers, that the United States Securities and Exchange Commission (SEC), as well as the US trade futures commissions (CFTC) should not only develop regulatory rules for regulating cryptocurrencies, but also completely prohibit digital assets. At the same time, the senator agreed, that this task will be difficult to implement, After all, in this case, cryptocurrency companies and investors will go to another jurisdiction.

Brown said, that during the last 18 months he repeatedly informed the public and his colleagues about the risks of cryptocurrencies. Besides, Brown turned to the Ministry of Finance with a request to conduct a national assessment of the cryptocurrency industry. According to Brown, SEC applies an aggressive approach to it, which should adhere to other departments at the legislative level. The senator noted, that crypto assets are used for cybercressions, in particular, North Korean hackers, and also for drug trafficking, trafficking and financing terrorism. These are one of the main reasons, by which the government needs to think about the prohibition of cryptocurrencies, Brown said.

Last week, Brown commented on the recent arrest of the founder of the FTX Exchange Sam Bankman-Fried (Sam Bankman-Fried). The congressman thanked the US Department of Justice and the Bahamas police for that, that they were held accountable for the former head of FTX. The Banking Committee will continue to identify cryptocurrency risks for consumers, financial system and national security of the country,
wrote on Twitter Senator.

Last year, Sherrod Brown expressed skepticism about the principles of stablecoin work, And in the spring he said, What are the assets, Really have value, do not need marketing campaigns.