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Crypto Won't Solve Financial Inequality, Senator Warren Says

Elizabeth Warren
Elizabeth WarrenPhotographer: Al Drago/Bloomberg

Cryptocurrencies are not a real path toward financial equality, Democratic Senator Elizabeth Warren said on Tuesday, criticizing the industry for the fact that Bitcoin is even more closely held by the wealthy than dollars. 

“We need real solutions to make the financial system work for everyone, not just the wealthy,” Warren, who represents Massachusetts, said in a tweet.