At a confirmation hearing in the US Senate Banking Committee on Thursday, four nominees for regulatory positions under the Biden administration were questioned. Cryptocurrencies have only come up a few times, including the U.S. Securities and Exchange Commission (SEC) questioning of Caroline Crenshaw over Bitcoin trading products. Crenshaw stated that he was reluctant to endorse Bitcoin exchange-traded products due to widespread fraud in crypto markets. Crenshaw said approving Bitcoin products would "put us on a path that could further sacrifice investor protection." He also noted that Ethereum's agency, which is in the process of approving similar trading products for ether, is concerned that these products will flood the markets and end up in the retirement accounts of U.S. households. Do you think Crenshaw's concerns are justified? We are waiting your comments! 🤔💬