Letters to Congress: Letter on FTX Hearing and Digital Asset Policy
AFR and Demand Progress led a group of consumer advocates and public interest organizations to send this letter to Congress, asking Members to take a more deliberative and systemic approach to advancing policies to regulate digital assets. The letter urged Congress to resist pursuing legislative proposals compromised by crypto industry influence or that do not adequately address the systemic problems found within the digital asset industry. Instead, the signers called on Congress to empower financial regulators to use their existing authorities and prioritize consumer and investor protection over the digital asset industry’s largely unproven promises.