Democrat Senate Slams RFIA Bill For Endorsing Trump’s Crypto Corruption

In a recent analysis of the Responsible Financial Innovation Act (RFIA), the Democratic staff of the Senate Banking Committee criticized the crypto market regulation bill over several key components.   The Committee’s Democrat wing, led by Senator Elizabeth Warren, argues that the bill would endanger Americans’ retirement savings and increase the risks of an economic meltdown. They also contend that it would fail to prevent illicit financial activities and presidential corruption, leaving crypto investors unprotected. RFIA: A Controversial Bill with Bipartisan Roots The Democratic staff of the Senate Banking Committee released a scathing report this week on the nature of the RFIA source: https://beincrypto.com/financial-innovation-bill-trump-crypto-corruption-criticism/