Sen. Warren Calls Crypto a “New Shadow Bank,” Community Bites Back

Reading Time: 2 minutes US Senator Elizabeth Warren has called crypto the “new shadow bank,” highlighting the lack of consumer protection in the space. However, crypto advocates argue that crypto is “100% transparent” since it utilizes blockchain technology to record transactions. “This new financial system is about fairness and banking the unbanked,” one user said. US Senator Elizabeth Warren has recently called crypto the “new shadow bank.” That is not the first time Warren has attacked the crypto industry; she has been a critic for as long as one can recall. However, this time, the community has responded in a reproving manner. In an
The post Sen. Warren Calls Crypto a “New Shadow Bank,” Community Bites Back appeared first on FullyCrypto.
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