The U.S. Senate Banking Committee will hold its “crypto crash” hearing this month.
Senate Banking Committee Chairman Sherrod Brown announced that a hearing on the protection of digital assets will be held on February 14. It is said that the purpose of the Senate’s organization of this hearing is to take precautions against possible problems.
US Senate to Hold Hearing on Protecting Digital Assets
The U.S. Senate Banking Committee announced that it will hold a hearing on February 14 to examine financial system protections against potential dangers in digital assets. The dramas of the crypto industry in 2022 will this time be under the lens of the committee.
The hearing calls the Valentine’s Day hearing “Crypto Crash: Why We Need Financial System Protections for Digital Assets,” according to a hearing schedule released Friday, and addresses issues in crypto as one of the first issues to be addressed by lawmakers, pointing to its urgency for the committee.
In a letter to Treasury Secretary Janet Yellen in November, President Sherrod Brown stated that the U.S. government wants to launch a serious effort for crypto surveillance.