Capitalize Financial
No Result
View All Result
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Real Estate
  • Cryptocurrency
Capitalize Financial
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Real Estate
  • Cryptocurrency
No Result
View All Result
Capitalize Financial
No Result
View All Result
Home Cryptocurrency

Warren: U.S. government needs to confront crypto threats ‘head on’

by capitalizefinancial
June 10, 2021
in Cryptocurrency
0

U.S. Senator Elizabeth Warren on Wednesday called on U.S. policymakers to directly tackle issues presented by the growing use of cryptocurrency, while saying a Federal Reserve-backed digital currency shows “great promise.”

Democrat Warren, a prominent Wall Street critic and consumer advocate, said cryptocurrency’s promise of boosting everyday Americans has failed to materialize, and instead the government must act to address a host of problems.

“Cryptocurrency has created opportunities to scam investors, assist criminals, and worsen the climate crisis,” she said at a congressional hearing. “The threats posted by crypto show that Congress and federal regulators can’t continue to hide out, hoping that crypto will go away. It won’t. It’s time to confront these issues head-on.”

Warren threw support behind the Federal Reserve’s consideration of a digital dollar, saying it could boost poorer Americans and streamline the payments system if properly designed.

However, Republicans struck a much warier tone, questioning whether such a Fed-backed product is even necessary and what it might mean for the traditional banking system.

“We don’t need a state-sponsored bank interfering with this successful free-enterprise system,” said Senator Pat Toomey, who instead urged continued growth of private digital currencies.

Read more

Previous Post

Actual tax rate for regular Americans may be five times that of the richest billionaires

Next Post

U.S. Futures, Asia Stocks Rise as Treasuries Rally: Markets Wrap

Next Post

U.S. Futures, Asia Stocks Rise as Treasuries Rally: Markets Wrap

Search…

No Result
View All Result

Subscribe Us

By clicking on Subscribe, I confirm that I have read and agree to the terms set forth in the Privacy Policy and Terms of Service including Capitalize Financial’s ability to use and share my information and Capitalize Financial, or third-party companies and business partners, may send me offers for products and services at the email address I have provided. I understand that my information may be supplemented with additional information obtained from other sources.

Recent News

Ric Flair sets date, location for his final wrestling match

Ric Flair sets date, location for his final wrestling match

Congress holds historic public UFO hearing, as military struggles to understand ‘mystery’ flying phenomena

Congress holds historic public UFO hearing, as military struggles to understand ‘mystery’ flying phenomena

Categories

  • Business
  • Cryptocurrency
  • Economy
  • entertainment
  • finance
  • Georgia
  • health
  • Markets
  • Music
  • Politics
  • Real Estate
  • receipe
  • Science
  • science
  • Sports
  • Sports
  • Tech
  • Travel
  • World

Site Navigation

  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe

Capitalize Financial, a news portal which provides the financial news global wide.

  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe

© 2021 Capitalize Financial All Rights Reserved

No Result
View All Result
  • Advertisement
  • Contact Us
  • Homepages
    • Home 1
    • Home 2
    • Home 3
    • Home 4
    • Home 5
  • World
  • Economy
  • Business
  • Markets
  • Real Estate

© 2021 Capitalize Financial All Rights Reserved