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US government needs to confront crypto threats ’head on’: Sen. Warren

US government needs to confront crypto threats ’head on’: Sen. Warren

Sen. Warren called on policymakers to directly tackle issues presented by the growing use of crypto. ’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,’ she said. She blamed crypto for allowing to ’scam investors, assist criminals, and worsen the climate crisis.’

David
David
Bart
Bart 1 weeks

Heaven forbid the unwashed masses have acces to some sort of means to uplift them selves financially and therefore socially.

Jack K
Jack K 1 weeks

Piss off Warren you decrepit fossil

Fred V
Fred V 1 weeks

The government should be dealing with the threat that is Elizabeth Warren. She's a liar! She's the worst type of people there are. And she's in power.

josh
josh 1 weeks

F-off Warren. This is my biggest issue with Dems in general. They blame tools, not people. There is a shooting, they blame guns, not the shooter. There is an issue with scammers, they blame the tool (crypto) not the scammers. Dems need to focus on the problem. Not the tools used in the problem.

Sigfried
Sigfried 1 weeks

Where Warren gets it wrong is that it is not crypto itself that is the cause of those things, but rather the scammers. Bitcoin does not have these issues any more than the dollar does. Unlike the dollar, however, Bitcoin is a deflationary currency due to its permanently set maximum and occasional loss of wallet keys. This also means that it's better than gold for sticking your money in when your country is hitting its 29-year high of inflation which is why you are hearing less support for Warren's complaints because big investment firms are starting to educate their investors on crypto.

E N..
E N.. 1 weeks

While I agree the technology of crytocurrency will be crucial moving forward, the current crypto market is so unstable and poorly structured that it won't be practical long term. It will be the usual small investors getting screwed while the few on top make out like bandits until that changes.

Noah PaulOG
Noah PaulOG 1 weeks

Good thing this country is being run by out-of-touch 70+yo that still don't understand the impact of the internet and moronic 30-somethings that never learned the value of FACTS in the decision making process./s

Eddie
Eddie 1 weeks

My banker overlords are calling and their pissed they can't print this stuff or use it for fractional reserve banking strategy. Must demonize it now. The most transparent currency in the world and they can't figure out how to track it's criminal use? Sounds like some story telling to me.

Open Mic
Open Mic 1 weeks

They're calling it a threat because they know the party will end and their ability to control the world will end. Crypto like BTC is a TERRIBLE thing to use for criminal activity because it's fully transparent with every transaction public. Politicians ability to funnel money to themselves and back and forth to and through their donors will be impossible via crypto without opening themselves up to public scrutiny. Use fiat dollars? It's quite untraceable and there are ways to bury even digital transactions so deep it requires a lot of resources to follow. Crypto? You can't do it. That's why they're worried. Their party will be over.

alejandro
alejandro 1 weeks

sounds like she really doesn’t understand what crypto is. Is just properly, and its taxable as soon as it gets transformed into cash. So nothing else than an investment. Also there is 100% more traceability with bitcoin than with cash. Where is the problem?

peeweeherman
peeweeherman 1 weeks

Stfu! Government just mad cause they aren't profiting off of it. Just let it go!

Minty
Minty 1 weeks

Her concern is a facade for what she is really fearing, feds losing of of the means of control over the slave class

Felipe Segura
Felipe Segura 1 weeks

WTF does the F-ing weather have anything to do with a form of currency that's proving to outshine the USD?????? Someone needs to put Warren through a wall I swear.

Highlander
Highlander 1 weeks

Dems like Warren have zero understanding of how crypto works. There are far more problems with the dollar than there will ever be with crypto. There is nothing that can be improved by subjecting crypto to bureaucratic government control. The Dems hate anything they can't control especially something which enables the masses to make money. Just look how they reacted to the Gamestop issue. They can't allow the common people to be in control of their own ability to make money.

Darin
Darin 1 weeks

Government workers will never be able to control this. It's a job that needs to be farmed out to the real world.

Mod Okay
Mod Okay 1 weeks

Crypto is Just another form of the stock market and gambling for Zoomers.

Neil
Neil 1 weeks

Crypto's promise to boost the American people. Yeah I remember that day when Steve Crypto himself got behind the podium and announced... What is this woman on about? Crypto isn't an entity with a will. It's decentralized. This is why all politicians should be forced to take a basic internet test. If you fail, you aren't fit to pass federal laws or work for the government because everything uses the internet. I reckon nearly all of congress would be gone.. And of course climate change. Because everything unfavorable is somehow a cause.. I'm surprised she didn't call crypto racist too. Reminds me of Cortez grilling Zuckerberg with an almost-tenuous grasp on how Facebook actually works... These are the people who write our laws, democrats.

Shmule
Shmule 1 weeks

Worsen climate crisis? Huh?

GreenMachine
GreenMachine 1 weeks

Bitcoin will "worsen the climate crisis"... how exactly did that work?

Central Scrutinizer
Central Scrutinizer 1 weeks

Crypto is a threat to national seckurity!

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