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U.S. senator Elizabeth Warren trashes Bitcoin and other cryptos, dubs them “a haven for illegal activity” – Is she correct?

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U.S. senator Elizabeth Warren trashes Bitcoin and other cryptos, dubs them “a haven for illegal activity” – Is she correct?

During a hearing on the development of central bank-backed digital currency (CBDC), U.S. Senator Elizabeth Warren lashed out on digital assets, criticizing their roles in facilitating scams, pollution, and ransomware attacks. Cryptos are lousy and volatile Warren began her statement by calling cryptocurrencies a “fourth-rate alternative to real currency.

By John Williams