2020 Presidential Hopeful Elizabeth Warren Shreds Crypto During Recent Senate Hearing

  • US Senator Elizabeth Warren, who is widely rumored to run against Trump in 2020, revealed her hawkish stance on crypto during a Senate Banking Committee hearing

Cover image via U.Today

US Senator Elizabeth Warren, who is widely rumored to run against Donald Trump in 2020, has recently revealed her hawkish stance on cryptocurrencies during a Senate Banking Committee hearing, Forbes reports.

Echoing Nouriel Roubini’s criticism, who bashed crypto’s “massive” security flaws during his testimony, Warren claims that digital assets can be easily stolen. She also lambasted initial coin offerings (ICOs) that lure in small investors in order to swindle them.

At the same time, the Democratic Senator emphasized that it is important to “nurture” positive aspects of crypto while focusing on investor protection.
 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

Recommended articles
Bitcoin Outperformed By These Altcoins YTD: Binance Exec, Here's the Top Performers

Bitcoin Outperformed By These Altcoins YTD: Binance Exec, Here's the Top Performers