AFAIK, Elizabeth Warren is a part of the radical left wing of the Democratic party(just like Bernie Sanders). So basically she's something like a communist. No wonder that the radical left politicians want total government control and brutal regulations over all industries. This is hidden totalitarianism. Unfortunately, Warren will most likely win another mandate as a senator, but we shouldn't be worried that much. Anti-crypto politicians have been elected in the past years in both the Congress and the Senate, but this didn't stop mass BTC/crypto adoption in the USA. The US government might impose stricter regulations over the crypto industry, which is a double edged sword, but we definitely need the industry to get rid of scammers like Sam Bankman-Fried.
Unfortunately, she is not alone with this kind of disdain for the crypto industry within the ranks of the Democrats...it is just ironic that most of the politicians who got benefitted with SBF-FTX fiasco are Democrats. Yes, we need the right regulations and the senate should be working with SEC to come up with acceptable but strict framework on which players should work with but there is never a valid excuse to kill the whole thing. Just like any other industry, there will be scams and frauds and those are the things the government must deal while at the same time collecting taxes from them. However, am sure Elizabeth Warren will not succeed in making crypto dead.
Show Posts
