Brown calls for cryptocurrency bank charter review

U.S. Sen. Sherrod Brown (D-OH) wrote a letter to the acting Comptroller of the Currency Michael Hsu, asking him to review charters granted to cryptocurrency exchanges during the Trump administration.

As chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, Brown raised his concerns about the risk of granting charters to nonbank institutions and wrote about the need to protect consumers and the banking system.

Read on for more details.