Massachusetts Senator Elizabeth Warren called attention to Bitcoin’s environmental impact during her recent conversation with Andy Serwer, the editor-in-chief of Yahoo Finance:
I also think with bitcoin, and with the other cryptocurrencies, I think there's a real issue about the environmental impact as well, this whole notion of how much energy is consumed just to keep the currency tracking going
Bitcoin’s enormous energy consumption became a hot-button issue in 2021, with New York lawmakers recently proposing a bill that would suspend mining for three years.
Warren notes that bank deposits don’t use that much energy, urging consumers to be more “sensitive” to their choices.
I put this one, again, with the SEC, a reminder why we need a good strong regulatory agency that can continue to update.
During her March appearance on CBNC, Warren predicted that Bitcoin “would end badly.”