Elizabeth Warren, the senior United States Senator from Massachusetts, in a recent statement on Monday, Dec. 31st, 2018, announced her candidacy for US President in 2020. The senator will be visiting the state of Iowa in Feb. 2020, to attend the first presidential caucus in the country.
Warren, who has held the Massachusetts Senate seat since 2013, has her views not inclined in favor of cryptocurrency. Warren has repeatedly expressed her concerns regarding the cryptocurrency, saying that crypto consumers can be easy targets of initial coin offerings (ICOs) scam. According to her, the crypto is “easy to steal.” Warren, who recently in Oct. 2018, spoke at a Senate Banking Committee hearing, asserted that the real challenge is to find ways to leverage the productive aspects of crypto, keeping the rights of consumers in mind, thus, safeguarding their rights and protecting them from falling victim to cryptocurrency scammers.
According to her recent statement in Nov. 2018, where she reiterated her stance on cryptocurrencies, the American families end up paying the price whenever a regulator shows an elevated interest in Wall Street. Stating further, she said that the nation needs a [Federal Reserve] that is continually engaged in watching potential risk build up in the system. As, it’s the Fed’s job, not the job of American families.
Regulation of the cryptocurrency space is a critical issue, one which needs an urgent attending. According to Fred Wilson, a venture capital investor, industry players, today, are more concerned about the actions brought by misguided regulators who will take aim at high-quality blockchain projects and harm them.