In early November, Senator Elizabeth Warren called on U.S. authorities to strengthen controls over cryptocurrency exchanges. According to her, investor protection is the first priority for regulators in the wake of FTX’s bankruptcy.
This week, the senator issued a similar call to the country’s authorities and pointed to the risks posed to the economy by digital currencies. Warren published an article in The Wall Street Journal in which she reiterated her negative view of the innovative instrument.
She compared cryptocurrency to mortgage lending in the early 2000s, which triggered the massive crisis of 2008. The collapse of the FTX exchange was another wake-up call for the U.S. economy.