Select Page

Cryptocurrencies Are Not A “Good Investment,” says US Senator Elizabeth Warren

Cryptocurrencies Are Not A “Good Investment,” says US Senator Elizabeth Warren
This article is added for educational purpose only. All credit goes to the respected author of this article. All In One Crypto App do not hold any liabilities of this article. You can get the source link at the end of the article content.

US Senator Elizabeth Warren called for the US government to step up oversight of the cryptocurrency market and find ways to protect consumers from scams stemming from the rise of cryptos.

In an interview with Bloomberg, Warren called the crypto market the “Wild West.” According to her, digital currency is “not a good way to buy and sell things and not a good investment and an environmental disaster.”

Just like many of her counterparts, Warren slammed Bitcoin for all the same repetitive remarks that have no truth to them. If only the politicians could get a proper understanding of exactly how blockchain, Bitcoin, and crypto works, and then go for constructive criticisms. But they decided to just blast off with the popular choice words.

“Policymakers are moving against us swiftly and aggressively. just note that they can’t make the case against us without lying constantly,” commented Nic Carter, co-founder of Coin Metrics.

Warren said protection that already exists in other parts of the financial system is missing in the crypto market, and securities and banking regulators should look into improving the framework. She also said her committee plans to hold additional crypto-related hearings.

Earlier on Wednesday, Warren chaired a Senate Banking subcommittee hearing that explored issues with existing cryptocurrencies along with whether the US Federal Reserve should issue its own CDDC, digital dollar.

“Cryptocurrency has created opportunities to scam investors, assist criminals, and worsen the climate crisis,” said the Massachusetts Democratic Senator at the congressional hearing.

“The threats posted by crypto show that Congress and federal regulators can’t continue to hide out, hoping that crypto will go away. It won’t. It’s time to confront these issues head-on.”

During the hearing, Warren also said the amount of energy needed to power the largest network threatens the environment, while some of the witnesses suggested that world governments should crackdown on crypto and even prohibit their conversion to USD.

According to Warren, a central bank digital currency shows “great promise.” Carter stated,

“Virtually everything she says about Bitcoin is a flagrant lie or misrepresentation. Her despotic Sino-CBDC won’t substitute for or improve on Bitcoin, it will subject you to a fully permissioned yeastlife.”

The post Cryptocurrencies Are Not A “Good Investment,” says US Senator Elizabeth Warren first appeared on BitcoinExchangeGuide.


Source: BitcoinExchangeGuide


All In One Crypto App presents a unique dynamic crypto course that allows you to become a profitable and successful trader. Download Now

Don't forget to share your review/suggestions for android app.

All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own here


Select Sub Category


All In One Crypto App

Made $234 profit with Free Signals from $50

This is the best useful app on my phone. Started trading with $50 and in 5 weeks I was up to $234 just with the free signals. I will recommend it to any new person that wants to try trading crypto. Link to Review

Asoluka Chimdindu

Free User
All In One Crypto App

Good Support

This app is one of the best for crypto currency trading signal for experts and beginal with free and premier with auto follow trading bot all the signal is excellent with accurate technical analysis and fundamental I really like the way they guide and support. Link to Review

olaplus olaplus

Premium User
All In One Crypto App

Accurate Trading Signals

I was premium member of this channel back in 2018 when there was no app. Thr signals were too good, more than 90% accuracy. Now with this app and newly introduced auto trading bot, it will be awesome. Too the moon. Link to Review

Yogesh Patil

Premium member
All In One Crypto App

Awesome and Accurate Signals

Very glad to use this app. The crypto signals was awesome and accurate with detailed explanation and visual information. The admin also helpful and nice. Link to Review

soon cheong

Free User
All In One Crypto App

User Friendly App

Signals are great. I love it. App also friendly to use… Nice job guys Link to Review

Olawunmi Dilureni

Premium Subscriber