US Sen. Elizabeth Warren says crypto will ruin economy — Community responds
Cointelegraph
Published Nov 23, 2022 04:49AM ET
Updated Nov 23, 2022 06:20AM ET
The downfall of former crypto exchange FTX has had the entire industry in disarray since the situation began to unravel days before it declared bankruptcy on Nov. 11. A new op-ed from United States Senator Elizabeth Warren revealed a negative stance toward the industry with regard to the fallout.
Warren wrote that the crypto industry is on a “well-worn path of financial innovation,” which starts with exciting rewards but ends in “crippling losses.” She compared it to subprime mortgages of 2008, penny stocks and credit-default swaps.
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Written By: Cointelegraph
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