Senator Warren Calls For More Crypto Regulations

Share post:

U.S. Senator Elizabeth Warren has called on U.S. lawmakers to address the prevalent problems associated with the country’s increasing use of cryptocurrencies, as the country has failed to deliver on its promise to improve the economic lives of Americans.

Instead, she opted for a digital dollar, which she believes could help boost poorer Americans and streamline payment systems, if properly designed.

She said: “Cryptocurrency has created opportunities to scam investors, assist criminals, and worsen the climate crisis. 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.”

For more information, read the original story in Reuters.

Featured Tech Jobs

SUBSCRIBE NOW

Related articles

US supports Japans ambitions to return to leadership in chip manufacturing

Japan has embarked on a monumental $67 billion initiative to reclaim its stature as a global semiconductor titan,...

One billion dollar copyright infringement killed on appeal

The $1 billion copyright infringement verdict against Cox Communications was overturned by a federal appeals court, which ruled...

Colorado app addresses food waste and feeds “food insecure”

In Denver and Boulder, Colorado the Too Good To Go app is changing the way we tackle food...

Polar: A new way of funding open source projects

A company called Polar is introducing a new idea in open-source funding, aiming to allow open source developers...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways