U.S. senators Sherrod Brown (D-Ohio), Jack Reed (D-R.I.), Chris Van Holland (D-Md.) and Tina Smith (D-Minn.) wrote open letters to digital finance company SoFi and several bank regulators, asking for a “review” of SoFi’s crypto offerings.
на letter to SoFi expressed concerns about the company expanding its crypto business, how it holds customers’ cryptos and its listing of dogecoin (DOGE), which блог пост on the company’s website cited as an example of a “pump and dump” coin.
The lawmakers asked SoFi to explain how it lists cryptocurrencies for sale, how it addresses customer complaints and how it determines “the appropriate credit, market and operational risk capital requirements for digital asset exposures.”
The letter to the company also asked if SoFi lists any cryptocurrencies that are securities, and, if so, whether it’s licensed to offer securities.
A separate letter addressed to Federal Reserve Vice Chair for Supervision Michael Barr, Acting Federal Deposit Insurance Corporation Chair Martin Gruenberg and Acting Comptroller of the Currency Michael Hsu said SoFi “committed not to ‘expand [its] impermissible activities'” but that the company “has apparently expanded its digital asset retail operations.”
„Активностите за дигитални средства на SoFi претставуваат значителен ризик и за индивидуалните инвеститори и за безбедноста и здравоста. Како што видовме со распаѓањето на крипто ова лето, каде што крипто-средствата изгубија над 1 трилион долари во вредност за неколку недели, заразата во банкарскиот систем беше ограничена поради регулаторните заштитни огради“, се вели во писмото. „Во случај на изложености поврзани со крипто кај SoFi Digital Assets на крајот да им се бара од нејзината матична компанија, банкарска холдинг компанија или поврзаната национална банка да побараат итна ликвидност или друга финансиска помош од Федералните резерви или FDIC, даночните обврзници може да бидат на јака.
In a statement, a SoFi spokesperson said the company allows its members to buy and sell cryptocurrencies but does not provide any other type of crypto-related financing activity.
“SoFi takes our regulatory and compliance commitments seriously, including our non-bank operations within the digital assets space,” the spokesperson said. “We believe we have been fully compliant with the mandates of our bank license and all applicable laws. Additionally, we maintain consistent, constructive dialogue with each of our regulators. Cryptocurrency remains a non-material component of our business. We look forward to sharing the requested information with the senators in a timely fashion.”
The spokesperson also said SoFi had no exposure to FTX, the FTT token, Alameda Research or Genesis Global Trading. (Genesis shares a parent company with CoinDesk, Digital Currency Group.)
Source: https://finance.yahoo.com/news/us-senators-ask-bank-regulators-204926179.html