Senator Sherrod Brown, Chairman of the Senate Banking Committee isn’t convinced stablecoins will offer what they intend, voicing concerns that lax oversight could result in a repeat of a financial crisis. But in an interview with Yahoo Finance, the Ohio Democrat described himself as open-minded on how to , and doesn’t want to kill innovation. “My job is not to resist or say no to cryptocurrency generally, but to make sure that they follow rules, that they are regulated, and transparency… Source link
Read More »Ohio’s attorney general wants Google to be declared a public utility.
Ohio’s attorney general, Dave Yost, filed a lawsuit on Tuesday in pursuit of a novel effort to have Google declared a public utility and subject to government regulation. The lawsuit, which was filed in a Delaware County, Ohio court, seeks to use a law that’s over a century old to regulate Google by applying a legal designation historically used for railroads, electricity and the telephone to the search engine. “When you own the railroad or the electric company or the cellphone tower,… Source link
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