Senator Elizabeth Warren is famous for her skepticism of bitcoin, and she recently spoke about the topic again. But, this time, he set a classic example for the judicious use of digital assets. He believes that the primary benefit of cryptocurrency may be in increasing access to the financial system or in decentralizing it. But, she cautioned that the government might need to assist cryptocurrency businesses.
Senator Elizabeth Warren was asked how she would regulate cryptocurrency. This was her response to a Bloomberg interview last Thursday.
It is about establishing some fundamental rules for cryptocurrency trading.she said.
She continued by saying that every investor should feel secure and protected from scammers.
Warren also added that “the biggest plus of cryptocurrency may be expanding or democratising access to the financial system.”
The senator explained that there was a possibility of a transition to digital currency systems, as well as a potential extension of the digital currency system in the future. A larger audience may be attracted as a result.
She noted that as the crypto market grows, access to the financial system becomes more complex, leading to another significant financial crisis. The fact that cryptocurrencies will be considered this time could be one of the reasons.