Elizabeth Warren, a United States Senator has voiced her concerns about the role of cryptocurrency at large and the threat it poses in the global landscape while stressing the need for a better regulation.
US Senator Calls Cryptocurrency A Rising Threat
A pseudomynous user on X (formerly Twitter) recently took to the social media platform to share the US senator’s opposition to cryptocurrency. The X post was accompanied by a short video of Warren’s interview on CNBC’s Squawkbox Newsmaker.
In the interview, Warren stated that “there is a new threat out there, and it is crypto.” The senator’s assertion is apparently due to the risk of criminal activities that cryptocurrency poses.
Senator Warren’s viewpoint is consistent with the more general concern regarding the unregulated nature of cryptocurrencies. According to her, it is used for several illicit activities all around the world.
She further highlighted several ways that crypto is currently being used wrongly. These i
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