Elizabeth Warren, known for her stance against cryptocurrencies and demanding the complete ban of cryptocurrencies in the USA by attending almost every financial committee meeting, once again called the SEC to task in her speech yesterday.
“This is just the beginning…”
Stating that the crypto money industry and companies serving in this field are afraid of a strong SEC and the audits to be made, Warren used the following statements:
“The SEC has taken action against many famous cryptocurrency advertisers before. It detected and penalized employees and executives of companies like Coinbase for dealing with insider information. He sued crypto thieves who stole millions of dollars from ordinary citizens. Here I want to say that despite all these hard steps, this is just the beginning…”
“The SEC does this job best”
It is known that many government institutions in the USA are struggling to regulate cryptocurrencies. According to Warren, the institution that will do this job best is the SEC:
“The SEC is the institution that will provide the best order against crypto currency frauds in the USA. In that sense, I think both the institution and its chairman, Gary Gensler, would fit perfectly into this task. It was the right decision for the commission not to allow cryptocurrencies (*spot Bitcoin ETF rejection) both for the sake of the order of financial markets and the perpetuation of long-standing securities laws. This is the correct approach. The SEC has strict and correct rules, it has experience. That’s why the institution should not stop here, it should continue on its way. He should use whatever power he has to enforce the regulations…”
Noting that crypto money companies that went bankrupt this year caused hundreds of thousands of people to lose money, Warren said, “This is why the SEC should be able to act in a wider area.”
Stating that Bitcoin and keipto money mining also harm the environment, Warren stated that environmental movements should also take action without compromising on the issue of miners.
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