Us senators Elizabeth Warren and Ron Wyden called on the accounting oversight board (PCAOB) of listed companies to "manipulate" the audits of data-encrypted companies, citing the recent failures of three key banks.

In a letter to Erica Williams, the current chairman of PCAOB, on March 21st, Warren and Wyden strictly enforced their anxiety about the "abnormal audit" of login password companies in January, this time referring to the bankruptcy of bank gate financial institutions, Silicon Valley banks and signed banks. The two lawmakers ruled that Williams responded to the question of whether unreasonable audits and risk reserve confirmation reports showed direct and indirect effects in bank failures.

"you have every right to set standards for auditors and require all auditors registered with SEC to audit only those login password companies that meet the current quality standards of audit products," the letter said. According to the outstanding threat of false audit to investment and the public interest, all audits and reviews of data encryption companies conducted by auditors registered with SEC are subject to a relatively high level of scrutiny. Otherwise, this kind of false audit needs to be solved by PCAOB.

Warren and Wyden indicated that the login password trading center FTX, which is in the bankruptcy court for the resumption of litigation under Chapter 11 of the Company Law, is likely to have a serious impact on the Silvergate and Signature incidents, taking full account of the fact that the company's auditors registered with PCAOB "received false accounting reviews." they wrote:

When assessing FTX savings and other user risks related to login passwords, financial institutions are likely to rely on risk reserves to confirm the false and incorrect financial data provided by the review.

The two lawmakers ordered Williams to give a level text message to the relevant staff by March 31 and to reply to questions raised by April 4.

Warren bluntly blamed many aspects of digital money, insisting that the lack of control was part of the failure of the above banks. On March 15th she ordered Jerome of the Federal Reserve to evade all scrutiny of strict regulatory errors that led to the collapse of Silicon Valley banks in the United States.

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