Ad U.S. lawmaker Senator Elizabeth Warren conceded that banks “have done a really bad job” while advocating for central bank digital currencies (CBDCs) because the government backs them. In a March 31 NBC Meet The Press interview, Warren highlighted several banking industry issues — including high transaction fees, lack of speed, and lack of transparency….
Fidelity Investments, one of the largest asset managers and 401(k) providers in the world, received another concerned letter from U.S. lawmakers concerned about the FTX fallout. Senators Elizabeth Warren of Massachusetts, Tina Smith of Minnesota, and Richard Durbin of Illinois all signed a letter urging Fidelity to reconsider its exposure to Bitcoin. In April this…
Last week U.S. Senator Elizabeth Warren (D-MA), along with ten other democrat senators, introduced a bill to block cryptocurrency companies from conducting business with sanctioned companies, fearing cryptocurrencies might constitute a vehicle for evading sanctions against Russia in the ongoing war with Ukraine. In short, the Digital Asset Sanctions Compliance Enhancement Act of 2022, as…