Your Resource for Government on Crypto
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11.29.2022
Senate Banking Committee Democrats Call for Scrutiny of Crypto Investment Products
On November 21 Senate Banking Committee Chair Sherrod Brown (D-OH) and Sens. Jack Reed (D-RI), Chris Van Hollen (D-MD), and Tina Smith (D-MN) sent a letter to the FDIC, OCC, and FDIC urging them to scrutinize cryptocurrency investment products being offered by SoFi, a fintech lender, and determine whether the products comply with banking and consumer protection rules.