Senator Elizabeth Warren Says Crypto Industry Is ‘Smoke and Mirrors’
CoinEdition
Published Nov 10, 2022 08:45AM ET
Updated Nov 10, 2022 09:00AM ET
Senator Elizabeth Warren Says Crypto Industry Is ‘Smoke and Mirrors’
- Elizabeth Warren asks SEC to regulate and enforce protection laws for consumers.
- Bitcoiner Bruce Fenton calls out Warren for previously supporting FTX’s Bill.
- SEC officials are investigating documents linking FTX.US and its parent firm.
U.S. Senator Elizabeth Warren, District of Massachusetts, expressed disdain over the crippling state of the crypto market via Twitter. She termed the industry as smoke and mirrors. Following this, she urged SEC to enforce the law on fraud and scams from crypto platforms.
Moreover, SEC authorities have contacted company attorneys to obtain further documents relating to the link between FTX.US and the parent firm in the Caribbean. According to the sources, they also inquired about connections between FTX and its founder’s trading company, Alameda Research.
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