By Allison Morrow, CNNSenator Elizabeth Warren, a longtime crypto critic, warned recent turbulence in the digital asset space will only continue unless a host of regulators strengthen protections for investors. “For all their talk of innovation and financial inclusion, crypto industry giants — from FTX to Celsius to Voyager — are collapsing under the weight of their own fraud, deceit and gross mismanagement,” she said. “Crypto fraud is a big problem, but it’s one we can fix,” Warren said. And without naming Bankman-Fried directly, Warren praised the SEC for charging “crypto crooks” with defrauding ordinary investors. “All our regulators need to get in the game,” Warren said, calling on environmental and banking officials to step up.

Source: CNN January 26, 2023 03:22 UTC