Rep. Stephen F. Lynch
@RepStephenLynch
As ranking member of the Digital Assets Subcommittee, I spoke to Chairman of the Federal Reserve, Jerome Powell regarding my concerns of the risks posed by crypto and the crypto industry on our economic stability, with scams and illicit finance costing Americans billions.
The Txish a Digital Assets Working Group which will be comprised of regulators handpicked by the crypto industry is concerning—and could be abused to further President Trump’s own financial interests. I will continue to work with my colleagues to prioritize consumer protections, support a new regulatory framework, and expand economic access and financial inclusion for all Americans.
2025-02-14T21:29:38.000Z