UnitedStates lawmakers call for accountability from crypto auditors
U.S. Senators Elizabeth Warren and Ron Wyden are calling for more accountability from crypto auditors.
The fall of Silvergate Bank and Silicon Valley Bank within a span of a week has sent shockwaves throughout the crypto industry. Unfortunately, the spillover of the turmoil into the traditional finance space has caught the attention of regulators and lawmakers in the United States.United States Senators Elizabeth Warren and Ron Wyden have turned up the heat on crypto auditors and are calling for more accountability from them for their crypto audits.
While Senator Warren commended the PCAOB for their recent efforts to educate investors about the risks associated with crypto entities, she argued that the Accounting Board should elevate its efforts in the interest of consumer protection.
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