US Senator Elizabeth Warren believes cryptocurrencies will destroy the economy

US Senator Elizabeth Warren believes cryptocurrencies will destroy the economy

U.S. Senator Elizabeth Warren said qu’à moins qu’il n’y ait une réglementation pour les crypto, ces derniers vont rubiner l’économie americaine.

Elizabeth Warren has false ties to FTX scandal, pitches cryptocurrency, and fuels financial catastrophe. Elle a donc lanz un appel public aux autorités pour qu’elles réglementent l’ensemble du marché des crypto-monnaies.

In a recent Wall Street Journal op-ed, Elizabeth Warren compared cryptocurrencies to mortgages, penny stocks and credit default swaps in 2008. It could happen.

If it is true that the FTX scandal has made the financial sector worse, many have reacted negatively to the Senator’s position. When a senator establishes correlations between her FTX and the crypto industry at large, it is normal to have a negative reaction.

Moreover, FTX has never failed due to cryptocurrency flaws. It failed because of certain figures such as SBF.

Shortly after Elizabeth Warren’s editorial, Changpeng “CZ” Zhao tweeted about what would happen to the cryptocurrency market. Although he did not respond directly to the senators, he was aware that, like other innovations, the industry could face a reversal. Declared that in a few years it could be stronger than ever.

US Senator’s Position on Cryptocurrencies

A week ago, Elizabeth Warren publicly asked SBF to provide documents related to FTX explaining the current situation. This was considered by many to be a good choice for the cryptocurrency community. Despite this, Warren continues to oppose cryptocurrencies because she believes decentralization is deeply flawed. She has already declared DeFi dangerous to the United States.

Finally, he believes cryptocurrencies are responsible for money laundering and other forms of embezzlement. Bitcoin (BTC) was created during the 2008 financial crisis. Beaucoup de ceux qui ont esttudie le bitcoin pensent qu’il peut être une solution aux malversations que les systems centralizedes telles que les banques ont fait subir à l’économie americaine aupuravant.

The senator also said that allowing people like FTX to freely engage in high-risk transactions was one of the biggest contributors in the 2020 presidential election and the 2022 It omitted mentioning that it was the judicial authority that had the most important powers in the 2016 presidential election. As a Democrat, you have millions of dollars to pay.

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mass media

Principalement pour cette raison, beaucoup pensent que les médias grand public tendent de dissimuler ce quise passe realement sur le marché de la crypto-monnaie. Op-Ed also declared that the reason for FTX’s failure was that “Sam Bankman-Freed’s supporters had lost faith in him.” » Et pourquoi ne pas member que SBF a literally volé des milliards dedollars à ses utilisers?

The public media also failed to mention that people like Terry Duffy have been wary of FTX for several years, even questioning the CFTC and Congress about the SBF’s approach to the crypto industry. fraude”, mais les authority n’ont pas reagi à cela. Ce sont ces authority qui choisissent de rester ignorantes lorsque cela ne leur convient pas.

The New York Times was also criticized for writing a “puff piece” about FTX. Luckily, community encryption isn’t stupid. Even people like Elon Musk responded.

Nonetheless, if Warren et al. said that FTX’s Control de Enterprise would continue to use encrypted cryptocurrencies in the same manner as FTX, it would not be surprising for encrypted communications to resume. .

More than ever, people are distinguishing Bitcoin from decentralization and fully functioning from the centralized state. Action needs to be taken when it comes to Elizabeth Warren and her position. La Regulation est une necessité, mais pas pour les bitcoins. This regulation is essential for any centralized entity dealing with cryptocurrencies.

Cet article vous est proposé en français in avec notre partnere
English speakers can find the original article in English on the Crypto Academy.

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