According to Bloomberg, Sherrod Brown, chairman of the U.S. Senate Banking Committee, states that he and colleagues are “trying every day” to get new regulations in place and working with federal agencies to “crack down on crypto”.
Brown illustrates that the regulatory push does not stem from “one crypto company”. “This is about everything about national security. From Russian oligarchs to North Korean cyber criminals to gun runners to drug traffickers that love the thought of using unregulated, unrestricted cyber,” he remarks.