Elizabeth Warren
Add An Item To Elizabeth Warren's Record
Elizabeth Warren's Record on Bitcoin, Cryptocurrencies, and Blockchain
- 6/23/2023, 11:21:09 AM
Negative. +1
Senator Warren Tweeted or was mentioned:
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Reference LinkSubmitted By: Anonymous - 6/23/2023, 11:21:06 AM
Negative. +1
Senator Warren Tweeted or was mentioned:
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Reference LinkSubmitted By: Anonymous - 6/23/2023, 11:21:02 AM
Negative. +1
Senator Warren Tweeted or was mentioned:
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Reference LinkSubmitted By: Anonymous - 6/23/2023, 10:26:02 AM
Negative. +1
Senator Warren Tweeted or was mentioned:
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Reference LinkSubmitted By: Anonymous - 6/23/2023, 10:26:00 AM
Negative. +1
Senator Warren Tweeted or was mentioned:
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Reference LinkSubmitted By: Anonymous - 6/23/2023, 10:25:54 AM
Negative. +1
Senator Warren Tweeted or was mentioned:
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Reference LinkSubmitted By: Anonymous - 6/23/2023, 10:25:52 AM
Negative. +1
Senator Warren Tweeted or was mentioned:
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Reference LinkSubmitted By: Anonymous - 6/23/2023, 10:24:49 AM
Negative. +1
Senator Warren Tweeted or was mentioned:
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Reference LinkSubmitted By: Anonymous - 6/23/2023, 10:24:47 AM
Negative. +1
Senator Warren Tweeted or was mentioned:
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Reference LinkSubmitted By: Anonymous - 6/23/2023, 10:24:44 AM
Negative. +1
Senator Warren Tweeted or was mentioned:
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Reference LinkSubmitted By: Anonymous - 6/23/2023, 10:24:42 AM
Negative. +1
Senator Warren Tweeted or was mentioned:
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Reference LinkSubmitted By: Anonymous - 3/30/2023, 6:30:44 PM
Negative. +1
Sen Warren tweets an image of herself with the caption "Elizabeth Warren is building an anti-crypto Army"
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Reference LinkSubmitted By: Anonymous - 5/11/2022, 3:25:14 PM
Negative. +1
Senator Elizabeth Warren (S-MA), a noted critic of the crypto industry on the committee, told The Block: “We have to deal with the risks that stablecoins pose to consumers and to our economy overall. If they are not adequately overseen and are representing that they have assets that in fact are not there, then that’s a risk to the whole financial system.”
Reference LinkSubmitted By: Anonymous - 3/1/2022, 8:25:48 PM
Negative. +1
"Cryptocurrencies risk undermining sanctions against Russia, allowing Putin and his cronies to evade economic pain. U.S. financial regulators need to take this threat seriously and increase their scrutiny of digital assets."
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Reference LinkSubmitted By: Anonymous - 2/9/2022, 5:40:17 PM
Negative. +1
"Bitcoin mining's energy use has more than tripled since 2019, consuming as much energy as entire countries. It's even driving up electricity costs and harming local environments. I want six cryptomining companies to provide answers on their impact."
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Reference LinkSubmitted By: Anonymous - 2/9/2022, 5:39:17 PM
Negative. +1
"The crypto industry claims that crypto is the path to financial inclusion, but bitcoin ownership is even more concentrated within the top 1% than dollars. We need real solutions to make the financial system work for everyone, not just the wealthy."
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Reference LinkSubmitted By: Anonymous - 2/9/2022, 5:38:38 PM
Negative. +1
"Stablecoins pose risks to consumers & to our economy. They’re propping up one of the shadiest parts of the crypto world, DeFi, where consumers are least protected from getting scammed. Our regulators need to get serious about clamping down before it is too late."
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Reference LinkSubmitted By: Anonymous - 2/9/2022, 5:37:40 PM
Negative. +1
Sen. Warren continues to misunderstand and/or misrepresent the energy use and environmental impact of Bitcoin mining. "Cryptomining has huge environmental costs & is raising energy prices for consumers. Bitcoin alone consumes as much energy as Washington state. I'm calling on Bitcoin company @Greenidge_GREE to provide information on its operations & environmental impact."
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Reference LinkSubmitted By: Anonymous - 2/9/2022, 5:35:01 PM
Negative. +1
Sen. Warren claims to support an "inclusive financial system" while continuously bashing cryptocurrencies like Bitcoin, which are, by design, inclusive financial systems open to anyone and everyone. "In the face of high and unpredictable crypto fees, small investors could easily get jammed & wiped out. I told SEC Chair @GaryGensler that regulators need to step up to address crypto's regulatory gaps and ensure we're building the inclusive financial system that we need."
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Reference LinkSubmitted By: Anonymous - 9/8/2021, 1:40:42 PM
Negative. +1
Sen Warren Tweets: "Bitcoin mining consumes roughly the same amount of electricity as Washington state—putting pressure on our power grids and worsening the #ClimateCrisis. We need to protect our planet and crack down on environmentally wasteful crypto mining practices."
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Reference LinkSubmitted By: Anonymous - 8/16/2021, 9:28:58 PM
Negative. +1
Sen. Elizabeth Warren (D-Mass.) is asking the Securities and Exchange Commission (SEC) to assess the effect of cryptocurrency exchanges on U.S. financial markets and the risks they could pose to consumers. In a letter released Thursday, Warren asked SEC Chairman Gary Gensler to explain if cryptocurrency exchanges operate in a safe and efficient way, and what regulatory action might be necessary to protect investors. The letter included the following quotes, implying the need for tougher regulations from the SEC in the industry: "While demand for cryptocurrencies and the use of cryptocurrency exchanges have skyrocketed, the lack of common-sense regulations has left ordinary investors at the mercy of manipulators and fraudsters." "The SEC must use its full authority to address these risks, and Congress must also step up to close these regulatory gaps and ensure that every investor has access to a safe cryptocurrency marketplace" “The harms to consumers as a result of this under-regulated market are real and continue to proliferate in the absence of effective SEC regulations.”
Reference LinkSubmitted By: Anonymous - 8/16/2021, 9:18:22 PM
Negative. +1
"In his response to my letter, @GaryGensler says cryptocurrency platforms lack adequate protections for investors. @SECGov needs to take action wherever it can, and I’m going to make sure that Congress steps up, too."
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Reference LinkSubmitted By: Anonymous - 8/16/2021, 9:01:46 PM
Negative. +1
In an October 2018 hearing titled "EXPLORING THE OPPORTUNITIES AND CHALLENGES SURROUNDING THE CRYPTOCURRENCY AND BLOCKCHAIN ECOSYSTEM" Sen. Warren asked a question to Dr. Roubini, implying that cryptocurrencies were not "decentralized": "Now, one argument I often hear is that cryptocurrencies are decentralized, that anyone can mine new currency, unlike our current system, which relies on a central bank to perform that function. Dr. Roubini, I know you are a skeptic of that claim. Could you just say a word about why?" She asked a follow up question, implying that cryptocurrencies were "easy to steal": "I want to ask about another one, and we will see if we can get these together because I want to ask Mr. Van Valkenburgh, according to reports, more than $1.1 billion of cryptocurrency was stolen in the first half of 2018. Why is cryptocurrency so easy to steal?"
Reference LinkSubmitted By: Anonymous - 8/16/2021, 8:31:01 PM
Negative. +1
In an interview with CNBC's "Squawk Box" in March 2021 Sen. Warren suggested Bitcoin "is speculative in nature and going to end badly."
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Reference LinkSubmitted By: Anonymous - 8/16/2021, 8:12:30 PM
Negative. +1
Sen. Warren suggests that the cryptocurrency ecosystem could be a systemic risk to the global financial system, by comparing them to money market accounts in an interview with Bloomberg TV: "It actually could jeopardize the system. So do you remember money markets? Yeah, back in 2006, 2007, 2008 and how much money flooded into money markets because the banks were paying like nothing in interest on money and on savings accounts. And the money markets were saying, hey, put your money over here. We'll pay a little more and give you the benefits of a checking account. And then the crash came and folks wanted to withdraw their money from those money markets. And we have one of two choices as a as a federal government as a nation and that was either let the money markets crash and drag down the entire financial system, because they had become huge, or force the taxpayer to back up those money markets so that they didn't take down the economy. You're one of the same kind of risk right now with crypto. The bigger it gets and the more it stays outside the financial system, something goes wrong, there's a run on crypto, there's a problem elsewhere in the economy. I don't want the US taxpayer to be the one who gets called on to back up another financial system again."
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