U.S. Senators Elizabeth Warren and Ron Wyden are calling for more accountability from crypto auditors. The lawmakers are alleging that the sham audits by crypto auditors are responsible for the ongoing turmoil.

The fall of Silvergate Bank and Silicon Valley Bank within a span of a week has sent shockwaves throughout the crypto industry. Unfortunately, the spillover of the turmoil into the traditional finance space has caught the attention of regulators and lawmakers in the United States.

United States Senators Elizabeth Warren and Ron Wyden have turned up the heat on crypto auditors and are calling for more accountability from them for their crypto audits.

Senator Warren took to Twitter earlier on 11 March to call on the Public Company Accounting Oversight Board (PCAOB) to hold crypto auditors accountable for their role in the current turmoil.

Senator Warren was joined by the Chairman of the U.S. Senate Committee on Finance, Senator Ron Wyden, in her campaign against auditors for their “sham crypto audits”.