US Senator: Cryptocurrency needs a sound regulatory system
According to CoinDesk, US Senator Ron Wyden from Oregon recently voted to support the resolution passed by the House of Representatives to overturn the Securities and Exchange Commission's "Staff Accounting Bulletin 121" and questioned the threat to online personal and financial privacy.Ron Wyden said that what cryptocurrency really needs is a sound regulatory system. This is what Republican Congressman Patrick McHenry is trying to do. Stern measures need to be taken against scammers and fraudsters. I think McHenry's approach of establishing a regulatory system and placing greater emphasis on cracking down on fraudsters and scammers is correct.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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