Crypto Trading theme with blurred city abstract lights background Source: AdobeStock.

CUNA told a U.S. Senate panel investigating the collapse of FTX on Thursday that it wants rigorous government oversight of cryptocurrencies, saying they pose a systemic risk to the nation's economy.

CUNA President Jim Nussle's four-page letter to the Senate Agriculture Committee also said the fintechs handling cryptocurrencies are benefitting from the unfair advantage from lack of regulation.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Jim DuPlessis

A journalist for decades.

Regulatory & Compliance