Senator Elizabeth Warren (D-MA) may be one of the biggest critics of cryptocurrencies. But considering her record of standing against big banks, she should be one of cryptocurrencies’ biggest supporters.
Over the course of 2021, Warren urged regulators to crack down on cryptocurrencies, argued that cryptocurrencies pose a threat to financial stability, and made references to “shadowy super coders.” And just this week she spoke highly of the President’s Working Group on Financial Markets (PWG) report that included a proposal to limit the market for stablecoins — a subset of cryptocurrencies — to traditional banks.
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