Cryptocurrencies
Warren Says Crypto Needs More Cops, Worries About Systemic Risks
- Senator says she wants to ensure taxpayers aren’t on the hook
- She adds that manipulation, other scams aren’t being punished
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Senator Elizabeth Warren wants Congress to respond to the explosive growth of cryptocurrencies and urged U.S. regulators to do more with the powers they have to police the market.
“Right now we don’t have any cops on the beat to speak of,” Warren, a Massachusetts Democrat, said in a Wednesday Bloomberg Television interview with David Westin. “So long as it’s an unregulated system, you may be pulling more people in so that they can get cheated and that’s not what we want.”