The United States senator from Ohio and Senate Banking Committee chief Sherrod Brown is not a fan of cryptocurrencies. This week during Tuesday’s 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 assets “put Americans’ hard-earned money at risk.” In November 2021, Brown sent a letter to stablecoin issuers and crypto trading platforms like Tether, Coinbase, 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, dubbed: “Examinin
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