Senate banking chairman says ‘maybe’ to cryptocurrency ban | The Hill

Sen. Sherrod Brown (D-Ohio) on Sunday said federal agencies need to address the cryptocurrency market and “maybe” ban it after the high-profile collapse of cryptocurrency market FTX last month.

Brown, the chairman of the Senate Banking, Housing, and Urban Affairs Committee, told NBC’s “Meet the Press” moderator Chuck Todd that the Treasury Department and “all the different agencies” need to get together and assess any possible action related to the cryptocurrency market.

“Maybe banning it, although banning it is very difficult because it will go offshore and who knows how that will work,” Brown said.

Source: Senate banking chairman says ‘maybe’ to cryptocurrency ban | The Hill