Senator Elizabeth Warren accuses U.S. regulator of approving unqualified crypto banks

CoinDesk Staff

(03:04 PM UTC)

1 min read

The Senate Banking Committee's top Democrat sent a letter to the Office of the Comptroller of the Currency questioning the charters of nine crypto firms.

U.S. Senator Elizabeth Warren is demanding the agency that regulates national banks explain its chartering of nine crypto-focused institutions, which she argued didn't meet federal regulations and constitute a risk to the financial system.

The…

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