"Unstable" Crypto to Blame for Banking Collapse? This Marijuana-Supporting U.S. Senator Thinks So
full version at dailycoin
The dust is settling after the collapse of three major banks in the U.S. However, there is an ongoing search for a scapegoat to pin the financial failures on, with regulators, and now a U.S. senator, eyeing crypto.
Speaking at a March 16 hearing of the Senate Finance Committee, Democratic representative for Colorado Michael Bennet suggested banks involving themselves in the crypto industry were not making “prudentially sound†decisions.
In making his point, the senator explained how banks and crypto companies operate more freely than banks and marijuana dispensaries. Marijuana companies offer legal services in many U.S. states, including Bennet's, but remain frozen out of the financial system.
According...
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