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Elizabeth Warren Warns Crypto is 'Opaque and Volatile'

U.S. Sen. Elizabeth Warren said financial markets and consumers are facing a growing risk due to cryptocurrency’s lack of regulation. So reports Reuters.

warren 4734811 640smallWarren is the chairwoman of the Senate Banking Committee’s Subcommittee on Economic Policy and penned a letter to Gary Gensler, the chairman of the Securities and Exchange Commission (SEC) to express her concerns and lay out some possible paths forward. Warren said she expects a response from Gensler with respect to the SEC’s plan to protect investors by Wednesday, July 28.

Read the full article from Reuters.

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