Elizabeth Warren is an American politician who has been a vocal critic of the cryptocurrency industry. She was first elected to the United States Senate in 2012 and currently serves as senior senator from Massachusetts.
Warren’s criticism of cryptocurrencies began in 2018, when she warned that they were being used by criminals for money laundering and other illicit activities. In 2019, she called on Congress to take action against digital currencies like Bitcoin, which she said were not backed by any government or central bank and could be easily manipulated by bad actors. In 2020, she introduced legislation that would require companies issuing initial coin offerings (ICOs) to register them with the Securities and Exchange Commission (SEC).
In addition to her criticisms of cryptocurrencies, Warren has also voiced support for blockchain technology—the underlying structure of many cryptosystems—and its potential applications in business settings such as supply chain management or financial services. She believes it can offer more transparency than traditional systems while cutting costs associated with fraud prevention efforts.
While Warren does not have much direct involvement with the crypto world today beyond advocating regulatory oversight measures, her views remain influential among those involved in this dynamic space.
