Banning crypto Many of these tokens do meet the tests of being an investment contract or a note or some other form of security that we bring them within the investor protection remit of the SEC Jensen told a House hearing his focus is to ensure the crypto industry follows investor and consumer protection rules along with anti money laundering and tax laws Facebook is also a focus on Capitol Hill Nathan Facebook whistleblower and former employer Francis haugen is issuing a scathing testimony about alleged bad behavior at the company at Baxter as details from our Bloomberg 9 60 newsroom in San Francisco Francis Hogan says Facebook works tirelessly to make Congress feel that risks posed by its platforms are too difficult to fix The company intentionally hides vital information from the public from the U.S. government and from governments around the world And that somebody needs to have some control of information other than Mark Zuckerberg There are no similarly powerful companies that are as unilaterally controlled How again says she fears for the younger generation Facebook vice president in charge of content Monica bicker says regulation is fine but under the standards that companies need to hit in this industry how do they report on that Zuckerberg has issued a short statement saying her allegations are not true in that the company does not prioritize profit over safety In San Francisco I'm at Baxter Bloomberg daybreak All right thanks Elsewhere in Washington Senate majority leader Chuck Schumer is forcing another vote today to suspend the debt ceiling Republicans are united against the move At the same time President Biden is trying to keep his economic agenda live He visited the battleground state of Michigan yesterday saying that politicians who oppose his spending plans are complicit in America's decline These bills are about competitiveness.