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“I believe it is time for us to proceed on that path,” the Democratic senator said in an interview with NBC’s Chuck Todd that will air Thursday night.
Senator Elizabeth Warren believes it is high time for the United States to build its own digital currency (CBDC).
Will Bitcoin be regulated as a commodity?
Warren will be interviewed by NBC’s Chuck Todd on “Meet the Press Reports” on Thursday at 10:30 p.m. ET. CoinDesk received a partial transcript of the interview via NBCUniversal.
In response to Todd’s inquiry on whether Bitcoin will be regulated as a commodity at the very least, Warren said, “I think it’s going to end up becoming regulated,” citing the subprime mortgage financial disaster of 2007 as an example of why it’s needed. She didn’t specify how regulations might be implemented.
In March, Warren announced a new measure that would prohibit bitcoin companies from doing business with sanctioned entities. Senators Jack Reed (D-R.I.), Mark Warner (D-Va.), Jon Tester (D-Mont.), and others sponsored the Digital Assets Sanctions Compliance Enhancement Act, which would allow the US president to add non-US-based If crypto businesses to support sanctions evasion, they will be added to the sanctions list.
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Are crypto good investments?
When asked if he thought cryptocurrencies were a good investment, the senator said yes “The entire digital world has operated very much like a bubble,” Warren responded, referring to this decade’s real estate bubble. What’s the new location? It has risen due to the fact that everyone is saying how amazing it is going to be, just as it was in the real estate market.
“Real estate always goes up,” how many times have you heard that phrase? ‘Doesn’t it ever go down?’ They said it before the last real estate bubble, decades ago. They said that in the 2000s, just before the 2008 financial crisis.”
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
