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Senator Brown exchange with CFTC Chairman about regulating crypto similarly to banks

Senate Banking Committee Chairman Sherrod Brown of Ohio and Commodity Futures Trading Commission Chairman Rostin Behnam discuss a trying to climb a learning curve to understand how this technology works and to identify illicit activity, action plan to mitigate the illicit finance risk of digital assets, and that the FTX collapse demonstrates the inherent conflicts and even worse self dealing in some crypto business models at a hearing of the Senate Agriculture Committee weeks after the rapid collapse of the FTX crypto trading platform following a run by investors.
Senate Banking Committee Chairman Sherrod Brown of Ohio and Commodity Futures Trading Commission Chairman Rostin Behnam discuss a trying to climb a learning curve to understand how this technology works and to identify illicit activity, action plan to mitigate the illicit finance risk of digital assets, and that the FTX collapse demonstrates the inherent conflicts and even worse self dealing in some crypto business models at a hearing of the Senate Agriculture Committee weeks after the rapid collapse of the FTX crypto trading platform following a run by investors.
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Restrictions:
May not be used as partisan political campaign material to promote or oppose the candidacy of any person for elective public office, and may not be used to distort the objects and purposes of the hearing, or cast discredit on or dishonor any member of the U.S. House of Representatives or U.S. Senate, or bring the House or Senate or any Member into disrepute.
Credit:
FedNet / Getty Images
Editorial #:
1446234263
Collection:
FedNet
Date created:
December 01, 2022
Upload date:
License type:
Rights-ready
Release info:
Not released.ÌýMore information
Clip length:
00:01:32:05
Location:
Washington, DC, United States
Mastered to:
QuickTime 8-bit H.264 HD 1920x1080 29.97p
Source:
FedNet
Object name:
sag120122s