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Thursday

24 June 2021

Elizabeth Warren compares 'bogus' crypto to 'legitimate' CBDCs in senate hearing

Elizabeth Warren compares 'bogus' crypto to 'legitimate' CBDCs in senate hearing


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Democratic Senator Elizabeth Warren did not mince words when it came to criticizing crypto, but seemed to consider a federally-backed digital currency as a possible solution to address problems around financial inclusion in the United States.

government-backed central bank digital currency, or CBDC, Warren said the recent explosion in cryptocurrencies had helped many people understand the foundational technology on which digital currencies were based.

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cointelegraph.com
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