Senator Elizabeth Warren in her recent submission to the US Senate Banking, Housing, and Urban Affairs Committee has urged regulators to place a lid on the burgeoning DeFi sector by paying more attention to stablecoins.DeFi is the most dangerous space in cryptoWhile describing DeFi, the U.S Senator said decentralized finance is the most dangerous niche in crypto.To her, it is a … [Read more...] about Senator Warren calls DeFi the most dangerous space in crypto
Warren
Most Influential 40: Elizabeth Warren
Sen. Elizabeth Warren (D-Mass.) isn’t the only U.S. politician to look at the cryptocurrency industry with a critical eye, but she may be the most sharp tongued. “Instead of leaving our financial system at the whims of giant banks, crypto puts the system at the whims of some shadowy faceless group of super coders and miners, which doesn’t sound better to me,” she said at a U.S. … [Read more...] about Most Influential 40: Elizabeth Warren
Senator Warren Targets Bitcoin Miner Greenidge’s Environmental Footprint
“Given the extraordinarily high energy usage and carbon emissions associated with Bitcoin mining, mining operations at Greenidge and other plants raise concerns about their impacts on the global environment, on local ecosystems, and on consumer electricity costs,” she wrote, asking for a detailed response by Dec. 17. Source link … [Read more...] about Senator Warren Targets Bitcoin Miner Greenidge’s Environmental Footprint
Sen. Warren queries SEC chair on lack of crypto investor protection
Senator and former United States presidential aspirant Elizabeth Warren has once again raised alarms about the current regulatory climate for crypto in the country.According to Reuters, Warren has written to Gary Gensler, chairman of the U.S. Securities and Exchange Commission, demanding answers about the scope of the SEC’s crypto oversight in the area of consumer protection.In … [Read more...] about Sen. Warren queries SEC chair on lack of crypto investor protection
Warren Buffett’s ‘right-hand man’ says Bitcoin is “disgusting”
Charlie Munger, vice chairman of American holding company Berkshire Hathaway, lambasted Bitcoin during the firm’s annual shareholder meeting yesterday, calling it a “disgusting” financial product that was invented “out of thin air.”“Of course I hate the Bitcoin success,” said during a Q&A session, adding, “I don’t welcome a currency that’s so useful to kidnappers and … [Read more...] about Warren Buffett’s ‘right-hand man’ says Bitcoin is “disgusting”