At a recent Senate Banking Committee hearing, Senator Elizabeth Warren (Dem., Massachusetts) said that “cryptocurrencies have created opportunities to scam investors, assist criminals, and worsen the climate crisis.”

She further added that “the threats posed by crypto” cannot stay ignored by the government and suggested that more regulations be put in place.

Alex Mashinksy, CEO of Celsius Network, told Michelle Makori, editor-in-chief for Kitco News, that the government is focused on the wrong issues.

“You show me a bank, I will show you tens of thousands of customers who will tell you immediately ‘I suffered with their credit card. I suffered with their loans. I suffered with their fees. My home was confiscated, I lost my job,’ and so on. We have to really focus on where the problem is and I don’t think the problem is with crypto. Obviously, you…

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