Statement by Senator Warren on Recent Crypto Volatility

Washington, DC – United States Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee released the following statement:

“No one should celebrate when Americans lose their hard-earned money. The crypto falloff underscores why we need to make sure there are ordinary, commonsense consumer protections in place for this industry. Without cops on the beat, there’s too much risk that crypto billionaires, including Donald Trump and the Trump family, and other insiders take care of themselves and shove all the losses off on small traders or retirees. People buying crypto deserve the same basic information and safeguards that apply to other financial products.”

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