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May 7, 2021 @ 3:00 pm By JD Alois
Senator Elizabeth Warren, a prominent progressive and member of the Senate Banking Committee, doesn’t like Bitcoin it appears. According to a report in Yahoo, Senator Warren took umbrage at the amount of energy Bitcoin consumes in completing transactions.
“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.”
As a proponent of the Green New Deal, Bitcoin probably does not square with the controversial policy proposal and Senator Warren’s vision for the future.