Senator Elizabeth Warren Says Crypto Puts Financial System at Mercy of 'Faceless Super Coders'.
30 Jul 2021, 08:00
Senator Elizabeth Warren Says Crypto Puts Financial System at Mercy of ‘Faceless Super Coders’
US Senator Elizabeth Warren (D-MA) says that decentralized cryptocurrencies are not “better” than the traditional financial system already in place.
Speaking at a hearing entitled “Cryptocurrencies: What are they good for?” held by the Senate Committee on Banking, Housing, and Urban Affairs, Senator Warren says that decentralized cryptocurrencies are essentially transferring power from giant banks to a “shadowy faceless group of super coders and miners.”