Elizabeth Warren, the Democratic Senator from Massachusetts, recently launched a political campaign against cryptocurrency as she seeks a third term in office in 2024. In a recent interview on “Meet the Press Reports” with NBC’s Chuck Todd, Warren compared buying bitcoin with “buying air.” Despite her declared mistrust of banks, Warren told the show’s host that when it comes to central bank digital currency (CBDC), she believes “it’s time we moved in that direction.”
Warren Compares Buying Bitcoin To ‘Buying Air,’ Says It’s Time To Move In CBDC Direction
Massachusetts Democratic Senator Elizabeth Warren has been outspoken about her skepticism about cryptocurrencies like bitcoin (BTC), citing risks and negative environmental impacts associated with bitcoin mining. Furthermore, Warren recently attributed the liquidation of Silvergate Bank to “crypto risk”. During a recent interview With Chuck Todd on “Meet the Press Reports,” Warren reiterated his distaste for bitcoin. “If I buy bitcoin, what am I buying? Are you buying air? asked Senator Warren. “With bitcoin, there’s no underlying asset behind it, it’s just a matter of belief,” he told Chuck Todd during the interview. 
When Todd asked if Bitcoin could be compared to a painting, she rejected the comparison, stating that with a painting, she could physically own it and throw darts at it. “Instead of bitcoin, we should talk about digital currency,” Warren suggested, noting that digital currency is different from bitcoin in that it is backed by the government. 
Warren has been outspoken in opposing the recent Federal Reserve rate hikes. During his interview with Todd, he expressed his belief that while banks are not perfect, it is time for the government to move towards a central bank digital currency (CBDC). 
The Massachusetts politician also drew comparisons between the digital world and the real estate crash of 2008. “How many times have people said, ‘Real estate always goes up. never come down? They said it decades ago before the last housing bubble. They said it in the 2000s, before the 2008 accident,” Warren said. Warren ultimately believes that the crypto industry will be subject to strict regulation. Despite Senator Warren’s anti-crypto stance, several Democrats have taken to social media to express their dissatisfaction with her position.
Many of the responses to his recent tweet about creating an “anti-crypto army” have been negative, with people expressing disappointment in Warren’s views. “Army for Tyranny – I guess we shouldn’t be surprised as you have personally benefited from the current corrupt system,” one person said Senator “The big banks really own you, don’t they? He only served two terms in the Senate. I wish you would start fighting for the people again instead of the banks”, another person tweeted in Warren. What do you think about Senator Warren’s anti-crypto stance and her call for a central bank digital currency? Do you agree or disagree with her views? Share your opinion in the comments below.
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