Digital currency may be an answer to help the unbanked, Sen. Warren says
Senator Elizabeth Warren appeared to have softened her stance on the crypto industry in recent remarks. Senator and former United States presidential candidate Elizabeth Warren believes that the digital asset industry may be a tool to tackle some challenges in the traditional financial system.A known skeptic of cryptocurrencies like Bitcoin (BTC), Warren appeared to have softened her stance on the crypto industry in a CNBC Squawk Box interview on Wednesday, stating that digital currencies could be an instrument to bank the unbanked:“There has been an enormous failure by the big banks to....
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Raising the minimum wage is not the answer, according to Buffett. An earned income tax credit is a solution he prefers, as it should have a more positive effect. Financial experts are on the fence about the current state of the US economy. Many people seem to believe everything is on the right track, but that is not necessarily the case. Warren Buffett issued a clear warning to the rest of the world, by highlighting the weakened state of the economy. In fact, he even mentions how the rich guys are still getting the upper hand, rather than creating a more diversified playing field. Any....
Co-founder of Chainalysis Jonathan Levin attempted to counterargument the anti-crypto narrative used by U.S. Sen. Elizabeth Warren, but he was constantly interrupted by the senator who seems reluctant as ever to change opinions. During the hearing “Understanding the Role of Digital Assets in Illicit Finance”, Sen. Warren presented a hypothetical scenario about the use of […]
Berkshire Hathaway Chairman and CEO Warren Buffett has spoken his mind on bitcoin, and the verdict is that he says it is "not a currency". He voiced his opinion during an interview on the financial network CNBC on Monday morning. The billionaire business magnate - highly respected in the finance industry - said that bitcoin doesn't meet the specifications of a currency, of which includes being a reliable store of value. Buffett said he wouldn't be surprised if bitcoin was not around in 10 to 20 years, according to MarketWatch. As expected, some in the bitcoin community aren't accepting the....
"The threats posed by crypto show that congress and federal regulators can't continue to hide out, hoping crypto will go away," said the Massachusetts senator. Democratic Senator Elizabeth Warren did not mince words when it came to criticizing crypto, but seemed to consider a federally-backed digital currency as a possible solution to address problems around financial inclusion in the United States.At a Wednesday session of the Senate Banking Committee discussing a U.S. government-backed central bank digital currency, or CBDC, Warren said the recent explosion in cryptocurrencies had helped....
“Innovation is going to flow to where it can thrive the most, and actively trying to block it is going to encourage it to head elsewhere," said Sheila Warren. Sheila Warren, CEO of the Crypto Council for Innovation and former head of data, blockchain and digital assets at the World Economic Forum, said the digital yuan may present certain challenges for the United States. However, regulators and lawmakers may want consider how to encourage digital innovation, as China is already "massively tech forward" for its residents.Speaking to Cointelegraph during Austin’s SXSW festival, Warren said....