Le chef des banques du Sénat américain critique les publicités cryptographiques du Super Bowl, Affirme que « les grandes sociétés de cryptographie sont désespérées »

Le chef des banques du Sénat américain critique les publicités cryptographiques du Super Bowl, Claims 'Big Crypto Companies Are Desperate'

The United States senator from Ohio and Senate Banking Committee chief Sherrod Brown is not a fan of cryptocurrencies. This week during Tuesdays stablecoin hearing, Brown criticized all the cryptocurrency companies who advertised during the Super Bowl this past weekend and stressed that he’s “never seen the Federal Reserve buy a multimillion-dollar commercial for U.S. dollars.

Sherrod Brown Says Super Bowl Crypto Ads Left a Few Things Out

For quite some time now the U.S. Senate Banking Committee chief Sherrod Brown (D-OH) has argued that crypto assetsput Americanshard-earned money at risk.In November 2021, Brown sent a letter to stablecoin issuers and crypto trading platforms like Tether, Capital BECO, and Gemini and explained that he worries about protecting U.S. investors. “I have significant concerns with the non-standardized terms applicable to redemption of particular stablecoins,” Brown stressed at the time.

During the hearing on Tuesday, doublé: “Examining the Presidents Working Group on Financial Markets Report on Stablecoins,” Brown once again highlighted his concerns about crypto assets. At the hearing, Browns first remarks were directed at the U.S. central bank and he noted that the Federal Reserve Board of Governors needsto bring down prices and put workers first.After that, Brown said that if his colleagues were truly concerned about inflation, theywill not slow down this processof bringing prices down.

Then Brown went on to discuss the cryptocurrency ads he saw during the Super Bowl last Sunday. During the Super Bowl, there were a number of advertisements from firms like Crypto.com, FTX, and Coinbase. “If you watched the Super Bowl on Sunday,” Brown declared, “you saw ad after ad for a product that most Americans have heard of, but almost nobody knows what it is. Even many of the people whove bought it often dont really understand it.Brown said that the crypto firms running the commercials aredesperate to reach as many Americans as they can.

toutefois, Brown insisted that the crypto firmsadvertisementsleft a few things out.The Senate Banking Committee chief added:

They didnt mention the fraud, scams, and outright theft. The ads didnt point out that you can lose big in cryptos huge price swings. They didnt tell you about the high fees pocketed by the crypto companies. And they sure didnt explain that crypto markets lack basic investor protections and oversight. Just a few weeks ago, hackers stole more than $300 million of peoples investments from a crypto platform.

Brown Says Super Bowl in 2000 Saw 21 Ads From Dotcom Startups, Only Four of These Companies Exist Today

Brown also noted that the U.S. central bank has never advertised U.S. dollars and he questioned why the companies need to spend millions to advertise. “The fact that these companies felt the need to advertise at all is a bit of a giveaway about one of their major claimsif this were actually meant to be used as currency, why would you need to buy ads?” Brown asked. “Ive never seen the Federal Reserve buy a multimillion-dollar commercial for U.S. dollars.

The Senate Banking Committee chief said that during the Super Bowl in 2000, there were 21 different ads from internet startups, and stressed that only four of these companies exist today. He joked about the names of stablecoins likeMagic Internet Moneyand its issuerAbracadabraand said that maybewe should just close our eyes and trust [it’s] a safe place for your money.Brown doesnt think thatworking Americans can take that riskand he concluded:

This isnt the first hearing this committee has had on stablecoins, and it wont be the last.

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