ChainCatcher news, according to CoinDesk, U.S. Oregon Senator Ron Wyden recently voted in favor of the House of Representatives' resolution to overturn the U.S. Securities and Exchange Commission's "Staff Accounting Bulletin 121" and questioned the threat to personal and financial privacy online.

Ron Wyden said that what cryptocurrency really needs is a sound regulatory system. This is what Republican Congressman Patrick McHenry is trying to do. Strict measures need to be taken against scammers and fraudsters. I think McHenry is right to establish a regulatory system and focus more on combating fraud and scammers.