US Senator Sherrod Brown urges the Senate Banking Committee to be vigilant about the risks associated with Crypto Assets before leaving office.

Odaily Planet Daily News: US Democratic Senator Sherrod Brown delivered his final remarks to the US Senate Banking Committee in January before leaving office. In a notice on December 11th, Brown issued a warning as part of his prepared statement for the next Congress and the inauguration of President-elect Trump. He stated that based on Trump's nominations so far, corporate special interest groups will "exploit workers and customers" at will. Brown said of Trump, "He is opening our government to the highest bidder. It is the responsibility of those present to preserve the Consumer Financial Protection Bureau as the only place where ordinary Americans can fight for themselves." He added, "The committee must be prepared for future struggles and challenges... from algorithmic pricing to artificial intelligence to cryptocurrency. All of these risks have one thing in common: they all have the potential to take money away from American workers... and send it to the hands of seemingly always victorious corporate elites." In November, Brown's re-election campaign was defeated by Republican Bernie Moreno. Fairshake, a political action committee funded by participants in the cryptocurrency industry, spent over $40 million on advertising in the Senate race, which may have helped the Republican Party win the Senate. (Cointelegraph)