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TOP FINANCIAL GROUP LIMITED

(TOP)
Delayed Nasdaq  -  03:59:50 2023-01-26 pm EST
4.940 USD   +1.02%
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Senate banking chief urges U.S. Treasury to secure new crypto rules following FTX collapse

11/30/2022 | 09:44am EST
U.S. Senate Banking, Housing, and Urban Affairs Committee hearing in Washington

(Reuters) - A Democratic senator and chair of a key committee on Tuesday pressed U.S. Treasury Secretary Janet Yellen for help in securing legislation to better regulate cryptocurrency, the latest sign of mounting pressure for better regulations following the collapse of crypto exchange FTX.

Ohio Sen. Sherrod Brown also urged the Financial Stability Oversight Council (FSOC), a U.S. regulatory panel comprising top financial regulators, to find ways to enhance crypto asset disclosures and bolster market integrity.

"It is crucial that risks in this area are contained and do not spillover into traditional financial markets and institutions, and we draw the correct lessons regarding customer and investor protection," Brown said.

(Reporting by Hannah Lang in Washington)


ę Reuters 2022
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Financials (USD)
Sales 2022 7,82 M - -
Net income 2022 3,49 M - -
Net cash 2022 7,24 M - -
P/E ratio 2022 -
Yield 2022 -
Capitalization 173 M 173 M -
EV / Sales 2021 -
EV / Sales 2022 -
Nbr of Employees 11
Free-Float 14,4%
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Managers and Directors
Ka Fai Yuen Chief Executive Officer & Director
Yung Yung Lo Chief Financial Officer
Jun Li Yang Chairman
Hoi Ling Tam Chief Operating Officer
Anthony S. Chan Independent Director