In this C-SPAN clip, U.S. Senator Charles “Chuck” Schumer addresses the Senate about the potential dangers of the cryptocurrency Dogecoin. The Senator from New York emphasizes the importance of regulation and oversight of such digital currencies, stating that the current unregulated environment allows for potential fraud and manipulation. He suggests that the Securities and Exchange Commission (SEC) should play a role in overseeing these cryptocurrencies to ensure the protection of consumers. However, there is no mention of any existing or pending legislation directly related to this issue.
Don’t miss out on this insightful discussion about the future of cryptocurrencies in the U.S. Click the link below to hear Senator Schumer’s detailed perspective on Dogecoin and the need for regulation in this rapidly evolving financial landscape.