U.S. Senator: Cryptocurrency needs a sound regulatory framework

ChainCatcher news, according to CoinDesk, U.S. Senator Ron Wyden from Oregon recently voted in favor of the House's resolution to overturn the SEC's "Staff Accounting Bulletin No. 121" and questioned the threats to online personal and financial privacy.

Ron Wyden stated that what cryptocurrency truly needs is a sound regulatory framework. This is what Republican Congressman Patrick McHenry is trying to do. There needs to be a tough stance against fraudsters and scammers. I believe McHenry's approach to establishing a regulatory framework with a greater focus on combating fraud and scammers is the right one.