Elizabeth Warren, a popular United States Senator and cryptocurrency critic, has finally announced her bid to become the next president of the United States of America prior to the 2020 elections; New York Times reports.
Finance and Crypto Bull
Warren’s announcement comes as a little surprise as other contenders are expected to share their ambitions this winter in contention for the primaries, including party member Senator Sherrod Brown, another crypto critic.
Elizabeth Warren has been in office for more than five years now, since her appointment in 2013, and is a senior U.S Senator from Massachusetts. Warren is a known critic and aggressive voice in the financial sector and was a regular voice that questioned various decisions and motives during both Obama’s and Trump’s tenure. Warren notably sank the nomination of Antonio Weiss who had been selected by the Obama administration to serve at the Treasury Department, laying her claims to Weiss’ affiliations with Wall Street and too “connected with the financial services industry” to serve in public office.
Apart from being a cryptocurrency critic, Mrs Warren is also not a big fan of big banks and has been a caustic critic of big banks and unregulated capitalism.
Warren notably shared her views concerning the growing sector of digital currencies in October last year, pointing out the simultaneous rise of cryptocurrency scams, and fraudulent initial coin offerings (ICOs).
According to Senator Elizabeth Warren, the biggest challenge would be preserving the productive aspects of digital currencies while at the same time protecting its consumers. She voiced her concern that ‘cryptocurrency is easy to steal.’
“It’s American families that end up paying the price when any regulator says we’re more interested in Wall Street. What I think is that we need a [Federal Reserve] that is engaged in watching where risk builds up in the system. That’s the Fed’s job — that’s not the job of American families,” she said.
Manifestos All About Crypto and Finance
Elizabeth Warren’s main campaign is about calling the attention of American citizens to the ‘destruction of the American middle class’ and putting a stop to unregulated capitalism. Fred Wilson’s recent article on his blog suggests people should not be surprised by a significant increase in manifestos surrounding cryptocurrency and financial regulations, as regulation in the cryptocurrency sphere would become a matter of concern for major industry players.
According to Fred, the clamour for ‘regulation’ should keep enthusiasts worried about “actions brought by misguided regulators” to target high quality projects in a bid to harm them.