US Senate Banking Committee member Elizabeth Warren compared the digital asset market to the 2008 economic crisis in an interview with NBC. This is reported CoinDesk.
“The whole digital world is like a bubble. What is the basis of his growth? People tell each other that everything will be fine, as it was with the real estate market, ”explained Warren.
According to the senator, people were confident in the eternal growth of real estate before the market crash in 2008.
She also suggested Fed accelerate the development of the digital dollar. Warren believes that CBDC will help central banks improve the situation in the digital segment of the financial market.
The senator added that sooner or later bitcoin will be regulated by the authorities. She did not specify how the government plans to achieve such control.
In March, Warren introduced a bill allowing the U.S. Treasury Department to block transactions from bitcoin exchanges with addresses of individuals on the sanctions lists. The initiative was criticized in the crypto community.
Recall that in September 2021, Warren noted the need to regulate the digital asset industry against the backdrop of a market collapse and related interruptions in the work of bitcoin exchanges.
She previously called cryptocurrencies “the new shadow banks” that do not protect their users.
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US Senate Banking Committee member Elizabeth Warren compared the digital asset market to the 2008 economic crisis in an interview with NBC. This is reported CoinDesk.
“The whole digital world is like a bubble. What is the basis of his growth? People tell each other that everything will be fine, as it was with the real estate market, ”explained Warren.
According to the senator, people were confident in the eternal growth of real estate before the market crash in 2008.
She also suggested Fed accelerate the development of the digital dollar. Warren believes that CBDC will help central banks improve the situation in the digital segment of the financial market.
The senator added that sooner or later bitcoin will be regulated by the authorities. She did not specify how the government plans to achieve such control.
In March, Warren introduced a bill allowing the U.S. Treasury Department to block transactions from bitcoin exchanges with addresses of individuals on the sanctions lists. The initiative was criticized in the crypto community.
Recall that in September 2021, Warren noted the need to regulate the digital asset industry against the backdrop of a market collapse and related interruptions in the work of bitcoin exchanges.
She previously called cryptocurrencies “the new shadow banks” that do not protect their users.
Subscribe to Cryplogger news in Telegram: Cryplogger Feed – the entire news feed, Cryplogger — the most important news, infographics and opinions.
Found a mistake in the text? Select it and press CTRL+ENTER
