Elizabeth Warren presses Janet Yellen, regulators to address ‘growing threats’ in crypto market

From cnbc.com

Sen. Elizabeth Warren on Tuesday urged Treasury Secretary Janet Yellen to identify and remedy risks posed by cryptocurrencies and to craft a “comprehensive and coordinated” framework through which federal agencies can regulate virtual coins on an ongoing basis. Warren, a member of the Senate Banking Committee and a longtime critic of the nation’s largest banks, pressed the Treasury secretary to use her powers on the Financial Stability Oversight Council to bring about a safer crypto market. “FSOC must act quickly to use its statutory authority to address cryptocurrencies’ risks and regulate the market to ... (full story)