Cryptocurrency News: Elizabeth Warren Speaks Out About The Flaws
05/09/21 AT 3:59 PM
Sen. Elizabeth Warren of Massachusetts has spoken out again about cryptocurrency, expressing skepticism over its environmental impacts and stability.
In an interview Friday with Yahoo Finance, the former presidential candidate said that it’s time the government stepped in to protect small investors and reign in the titanic electrical costs of cryptocurrency mining.
“I also think with bitcoin, and with the other cryptocurrencies, I think there's a real issue about the environmental impact as well, this whole notion of how much energy is consumed just to keep the currency tracking going,” she said.