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Senate Banking Committee chair seeks information from stablecoin issuers and exchanges, suggesting possible hearing -Breaking

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Sherrod Brown, chair of Senate Committee on Banking, Housing and Urban Affairs, called on many crypto companies to disclose information about investor and consumer protection on stablecoins.

Brown was named in a Nov. 23 statement. SentGemini, Paxos. TrustToken. Binance.US. Circle, Centre and notices to Coinbase. These notifications suggest that the Senator and others may be planning to have a second hearing. The senator said investors “may not appreciate the complexity and distinct features and terms of each stablecoin,” with crypto platforms not always providing users with the same protections afforded to someone purchasing coins directly from an issuer.