Senator Elizabeth Warren: Cryptocurrencies is the “wild West”, calls for consumer protection

In this blog, we curate relevant and remarkable content related to digital banking, fintech and high-performance banking leaders. This remarkable piece by The Business Times reports that Senator Elizabeth Warren believes crypto is the ‘wild West’ that needs consumer protection. Read on.

“[WASHINGTON] The US government needs to step up oversight of the digital currency market and find ways to protect consumers from scams stemming from the rapid rise of cryptocurrencies, Massachusetts Democratic Senator Elizabeth Warren said Wednesday.

Ms Warren, in a Bloomberg TV interview, called the market for cryptocurrencies the “wild West,” and said digital currency is “not a good way to buy and sell things and not a good investment and an environmental disaster.”

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