US Senator Elizabeth Warren: Cryptos Threat US Economy

Senator Elizabeth Warren has voiced concerns that digital currencies pose a significant threat to the American economy, advocating for stringent regulatory measures to be implemented.

In her testimony on the Senate floor this week, Warren highlighted the potential for cryptocurrencies to be exploited by terrorists and scammers.

Furthermore, she underscored the growing prevalence of criminal activity within the cryptocurrency market, suggesting that existing securities legislation could be leveraged to regulate this space effectively.

Warren proposed the establishment of a robust regulatory framework to identify and monitor virtual currency holders, miners, and validators.

The senator emphasized that by developing comprehensive regulations, the state can mitigate the risks associated with criminal use of Bitcoin and safeguard American consumers.