{"id":84600,"date":"2023-09-17T15:52:20","date_gmt":"2023-09-17T12:52:20","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=84600"},"modified":"2025-09-12T18:22:19","modified_gmt":"2025-09-12T15:22:19","slug":"us-senator-urges-greater-transparency-in-crypto-markets","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/us-senator-urges-greater-transparency-in-crypto-markets\/","title":{"rendered":"US Senator Urges Greater Transparency in Crypto Markets"},"content":{"rendered":"<p>The chair of the U.S. Senate Banking Committee, Sherrod Brown, <a href=\"https:\/\/www.banking.senate.gov\/newsroom\/majority\/brown-crypto-markets-lack-transparency-hurts-americans\">urged<\/a> tougher disclosure requirements for companies in the digital-asset industry.<\/p>\n<p>Corresponding letters were sent to U.S. Treasury Secretary Janet Yellen, the head of the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> Gary Gensler, and the head of the <span data-descr=\"U.S. Commodity Futures Trading Commission\" class=\"old_tooltip\">CFTC<\/span>, Rostin Behnam.<\/p>\n<p>Brown noted significant losses by crypto investors. According to him, in 2022 they lost about $10 billion to fraud and hacking.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cAs investors study crypto tokens, they should be able to assess risks, avoid fraud, and understand conflicts of interest. However, the absence of precise, investment-useful information has led to the spread of scams, platforms vulnerable to manipulation, and hacks,\u201d the senator wrote.<\/cite><\/p><\/blockquote>\n<p>In December 2022, Brown stated that the SEC and CFTC should <a href=\"https:\/\/u1f987.com\/en\/news\/us-senate-weighs-possible-ban-on-cryptocurrencies\">consider a ban on cryptocurrencies<\/a>, though implementing the initiative may prove difficult.<\/p>\n<p>As reported in September 2023, SEC Chair Gary Gensler <a href=\"https:\/\/u1f987.com\/en\/news\/sec-chair-warns-of-harm-to-the-economy-from-cryptocurrencies\">confirmed<\/a> his hardline stance on digital assets, noting their potential harm to the global financial system.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The chair of the U.S. Senate Banking Committee, Sherrod Brown, urged tighter disclosure requirements for companies in the digital-asset industry.<\/p>\n","protected":false},"author":1,"featured_media":84601,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[36,26],"class_list":["post-84600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-regulation","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/84600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=84600"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/84600\/revisions"}],"predecessor-version":[{"id":84602,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/84600\/revisions\/84602"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/84601"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=84600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=84600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=84600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}