đ #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. đŠ
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. đ
The hearing also saw testimonies from other nominees for regulatory positions. The question of banks handling customers' cryptocurrency was briefly raised. đïž
What do you think about Crenshaw's stance on Bitcoin trading products? Let's discuss in the comments! đŹ #CryptoRegulation #BitcoinTrading