Sen. Elizabeth Warren says 'crypto is the new shadow bank'

Sen. Elizabeth Warren says ‘crypto is the new shadow bank’

advertisement U.S. Senator Elizabeth Warren (D-MA), a long-standing critic of cryptocurrency, told the New York Times that, in her view, cryptocurrency is “the new shadow bank.” The Times story focused in large part on BlockFi, the venture-backed crypto lending startup that has drawn the attention of numerous state regulators in the U.S. as part of …

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