🔔 #CryptoNews Alert! SEC's Caroline Crenshaw voiced her concerns about Bitcoin trading products at a Senate Banking Committee hearing, citing rampant fraud in crypto markets as a reason for her opposition. She's worried these products could flood markets and impact retirement accounts of U.S. households. 🏦

Crenshaw, who's seeking another SEC term, has backed SEC Chair Gary Gensler's approach to digital assets, viewing crypto tokens as securities that must be registered. 📝

The hearing also saw testimonies from other nominees for regulatory positions. The question of banks handling customers' cryptocurrency was briefly raised. 🏛️

What do you think about Crenshaw's stance on Bitcoin trading products? Let's discuss in the comments! 💬 #CryptoRegulation #BitcoinTrading