11/29/2022

The U.S. Congress Is Starting to Question This Whole Crypto Thing

Washington lawmakers question if they what it takes to tackle the world of cryptocurrencies

Hundreds of thousands of investors just had billions picked from their collective e-pockets. Yet, crypto remains the untouchable queen in the antiquated marble halls of the U.S. Capitol.

Sure, a handful of lawmakers are waving—or at least limply holding—red flags after cryptocurrency exchange FTX imploded earlier this month. Even as hundreds of millions of dollars worth of happiness, retirements and even basic healthcare were erased in the blink of a bro’s cunning eye, Congress is cool, calm, and collectively, well, daft.

"It's not really an issue I know a whole lot about," said Bernie Sanders, the independent U.S. senator from Vermont who plays a Democrat every four years.

Please select this link to read the complete article from WIRED.