“For all their talk of innovation and financial inclusion, crypto industry giants — from FTX to Celsius to Voyager — are collapsing under the weight of their own fraud, deceit and gross mismanagement,” she said. “And when they sink, they take a lot of honest investors down with them,” Warren added during her comments Wednesday at an event hosted by the American Economic Liberties Project and Americans for Financial Reform.
And without naming Bankman-Fried directly, Warren praised the SEC for charging “crypto crooks” with defrauding ordinary investors. But the SEC can’t fix it all. “All our regulators need to get in the game,” Warren said, calling on environmental and banking officials to step up. “Crypto mining firms are polluting communities, they’re straining power grids, and they’re driving up utility costs in communities from Texas to New York,” she said.
SenWarren Meanwhile banks fund her election?
SenWarren Warren is supposed to be providing oversight to the SEC. She hand-fed Gensler the questions AND answers that he would be asked. I am a Democrat. I'm also in crypto. Liz, sorry, but you are a fraud. Gensler wants his banking buddies to own crypto. Get out of the way, Liz.
SenWarren
SenWarren When will people realize they can't trust a politician with money either.
SenWarren Are you going to talk about SenWarren providing GaryGensler with the questions and answers prior to a Senate hearing and the connection to FTX?
SenWarren The turbulence is due to dinosaurs and corruption in the US government. Get some people in with integrity and who understands the technology and all will go smoothly
You need to leave crypto alone! This SEC has caused major suppression of the market. Why don't they put their nose where it belongs into the stock market? I have lost everything in the stock market and I have made plenty of money on crypto.
Trying to regulate that money flow so the government can get it's piece of the pie, huh. Ok when it is digital controlled by the banking system, not so much when it is not. Try not to be so obvious next time Ms. Warren.
SenWarren
SenWarren Cheater!
Lol please
DeFi has enabled a new wave of financial inclusion and blockchain technology allows the building of a more equitable future. Sensible regulation is the key to foster innovation and protect investors, let's focus on that to keep the 🚀 💰 💸 rolling.
Oh yeah because they have done so well with the us dollar
Agreed, Senator Warren. It's time for governments to implement rules and regulations for crypto to ensure the transparency of the market and protect investors. Hodl tight!
CNN takes advise from her?
Why allow the crypto scam? Crypto firms act like banks, then collapsed like dominoes. When will there be much needed legislation?
I think Pocahontas got burned in investing in crypto
If it was up to her, everything would be regulated. I don't think she knows enough about crypto to do it properly
Agree with Senator Warren. Regulations are key to protect investors & ensure the longevity of the crypto space. HODLing with knowledge is the way to go!
Crypto is a fools currency, full of evil shysters waiting to steal your money. Totally unregulated.
People haven't caught on yet that it was all a scam?
Calling crypto currency an investment is the root of why America is dieing. Its gambling, just like futures, just like blackjack and they should be taxes accordingly.
Everybody wants the government out of crypto until they loose money, then they wonder why the government won’t do something.
Liz has a nonsensical opinion about ...nothing!?