[Chairman of the U.S. Senate Banking Committee: Federal agencies should regulate or ban cryptocurrencies]

U.S. Senate Banking Committee Chairman Sherrod Brown said in an interview on the FTX crash that the U.S. Treasury Department, Securities and Exchange Commission, and Commodity Futures Trading Commission should regulate or ban cryptocurrencies due to the impact of the FTX crash. Brown agreed that banning cryptocurrencies is “very difficult. Because it's going offshore and who knows how that's going to work... it's a complex, unregulated amount of money."