The hearing was almost certainly the testiest in a trio of crypto-themed inquiries Tuesday morning.
Sherrod Brown specifically pointed to the OCC trust charters granted to Paxos, Protego and Anchorage.
“We cannot be left behind,” Brown wrote about other nations’ central bank digital currency efforts.
Top members of the Senate Banking Committee plan to introduce legislation that would direct the congressional watchdog to study virtual currency’s role in drug and human trafficking.
As the federal government looks for ways to distribute coronavirus aid, support for a digital dollar is gaining steam in Washington D.C.
Democrat lawmakers are demanding that the FCC takes action to tackle the rise in SIM swapping attacks.
House Financial Services Committee Chair Maxine Waters asked Facebook to halt development of its Libra crypto until hearings can be held.