SEN RICHARD BLUMENTHAL: Crypto is a gamble our financial system doesn't need

The Senate Banking Committee will hold a meeting Thursday to mark up crypto legislation that further fulfills many of President Donald Trump’s promises to his crypto billionaire friends. In racing to finish the crypto industry’s wish list before midterms, Congress should remember what happened the last time crypto impacted legacy banking. We’ve seen this movie before — and taxpayers paid for the tickets.

Last September, as ranking member of the Senate’s Permanent Subcommittee on Investigations...