According to ChainCatcher, U.S. Senator Ron Wyden of Oregon recently voted in favor of the House of Representatives’ resolution to overturn the U.S. Securities and Exchange Commission’s Staff Accounting Bulletin 121, questioning the threat to personal and financial privacy online.
Wyden said that what cryptocurrencies really need is a robust regulatory system. This is what Republican Senator Patrick McHenry is trying to do. He believes that tough measures need to be taken against scammers and fraudsters, and McHenry is right to establish a regulatory system and focus more on combating fraud and scammers.
