{"id":19433,"date":"2023-04-03T14:52:18","date_gmt":"2023-04-03T14:52:18","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/elizabeth-warren-explains-her-anti-crypto-army-stance-waves-of-democrats-oppose-her-bitcoin-criticism-bitcoin-news\/"},"modified":"2023-04-03T14:52:18","modified_gmt":"2023-04-03T14:52:18","slug":"elizabeth-warren-explains-her-anti-crypto-army-stance-waves-of-democrats-oppose-her-bitcoin-criticism-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/elizabeth-warren-explains-her-anti-crypto-army-stance-waves-of-democrats-oppose-her-bitcoin-criticism-bitcoin-news\/","title":{"rendered":"Elizabeth Warren Explains Her ‘Anti-Crypto Army’ Stance; Waves of Democrats Oppose Her Bitcoin Criticism \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Elizabeth Warren, the Democratic senator from Massachusetts, has recently launched a political campaign against cryptocurrencies as she seeks a third term in office in 2024. In a recent interview on \u201cMeet the Press Reports\u201d with NBC\u2019s Chuck Todd, Warren likened buying bitcoin to \u201cbuying air.\u201d Despite her stated distrust of banks, Warren told the show host that as far as central bank digital currency (CBDC) is concerned, she thinks \u201cit\u2019s time for us to move in that direction.\u201d<\/strong><\/p>\n

Warren Compares Buying Bitcoin to \u2018Buying Air,\u2019 Says It\u2019s Time to Move in the CBDC Direction<\/h2>\n

The Democratic senator from Massachusetts, Elizabeth Warren, has been vocal<\/a> about her skepticism of cryptocurrencies such as bitcoin (BTC<\/a>), citing risks<\/a> and negative environmental impacts associated with bitcoin mining. Moreover, Warren recently attributed<\/a> the liquidation of Silvergate Bank to \u201ccrypto risk.\u201d During a recent interview<\/a> with Chuck Todd on \u201cMeet the Press Reports,\u201d Warren reiterated her distaste for bitcoin. \u201cIf I buy bitcoin, what am I buying? Are you buying air?\u201d Senator Warren asked. \u201cWith bitcoin, there\u2019s no underlying asset that backs it up, it\u2019s simply a matter of belief,\u201d she told Chuck Todd during the interview. \"\" When Todd asked if bitcoin could be compared to a painting, she rejected the comparison, stating that with a painting, she could physically possess it and throw darts at it. \u201cInstead of bitcoin, we should be discussing digital currency,\u201d Warren suggested, noting that digital currency is different from bitcoin as it is backed by the government. \"\" Warren has been a vocal opponent<\/a> of the Federal Reserve\u2019s recent interest rate hikes. During her interview with Todd, she expressed her belief that, while banks are not perfect, it is time for the government to move towards a central bank digital currency (CBDC). \"\" The Massachusetts politician also drew comparisons between the digital world and the real estate crash in 2008. \u201cHow many times did people say, \u2018Real Estate always goes up. It never goes down\u2019? They said it decades ago before the last real estate bubble. They said it in the 2000s, before the crash in 2008,\u201d Warren stated. Warren ultimately believes that the crypto industry will be subject to strict regulation. Despite Senator Warren\u2019s anti-cryptocurrency stance, a number of Democrats have taken to social media to express their dissatisfaction with her position.<\/p>\n

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anti-crypto army<\/a>, backlash<\/a>, big banks<\/a>, Bitcoin<\/a>, CBDC<\/a>, Chuck Todd<\/a>, controversy<\/a>, Corruption<\/a>, crypto assets<\/a>, Cryptocurrency<\/a>, debate<\/a>, democratic party<\/a>, Democrats<\/a>, Digital Currency<\/a>, Elizabeth Warren<\/a>, environmental impact<\/a>, Federal Reserve<\/a>, Government<\/a>, interest rate hikes<\/a>, Massachusetts<\/a>, Meet the Press Reports<\/a>, political campaign<\/a>, pro-bank bias<\/a>, public opinion<\/a>, Regulation<\/a>, senator<\/a>, Silvergate Bank<\/a>, Skepticism<\/a>, Social Media<\/a>, third term<\/a>, tyranny<\/a><\/div>\n<\/div>\n

Many of the responses to her recent tweet about building an \u201canti-crypto army\u201d have been negative, with individuals expressing their disappointment<\/a> in Warren\u2019s views. \u201cPro-tyranny army \u2013 I guess we shouldn\u2019t be surprised, since you have personally benefited from the current corrupt system,\u201d one person told<\/a> the senator. \u201cThe big banks really do own you, don\u2019t they? It only took two terms in the Senate. I wish you would start fighting for the people again instead of for the banks,\u201d another person tweeted<\/a> at Warren. What are your thoughts on Senator Warren\u2019s anti-cryptocurrency stance and her call for a central bank digital currency? Do you agree or disagree with her views? Share your opinion in the comments below.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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