United States Senator Elizabeth Warren talked about cryptocurrencies and CBDCs.
Elizabeth Warren has made it clear in a recent interview that she is not a fan of cryptocurrencies. However, Warren also criticized banks for high fees, lack of transparency and speed. The senator also underlined that he believes that government-backed central bank digital currencies (CBDC) can solve all these problems.
Warren Builds Anti-Crypto Army
In his statement, the Senator argued that CBDCs have the backing of the United States and are backed by national fiat currencies, while calling Bitcoin a temporary token with no backing.
These statements made by Elizabeth Warren have found a response in the crypto community. Many investors said that Warren’s support for CBDCs contradicted his anti-crypto sentiment. Users argued that CBDCs are based on cryptographic hash functions, just like decentralized currencies.
In addition to all this, Elizabeth Warren, who included crypto money in her election campaign, said that the crypto industry is afraid of the SEC. The senator also signaled that he is building an anti-crypto army as part of his election campaign money.
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