{"id":558908,"date":"2021-06-09T23:51:15","date_gmt":"2021-06-10T03:51:15","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=558908"},"modified":"2021-06-09T23:51:17","modified_gmt":"2021-06-10T03:51:17","slug":"elizabeth-warren-says-cryptocurrencies-are-an-environmental-disaster-calls-for-regulation","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elizabeth-warren-says-cryptocurrencies-are-an-environmental-disaster-calls-for-regulation\/","title":{"rendered":"Elizabeth Warren Says Cryptocurrencies Are An \u2018Environmental Disaster,\u2019 Calls For Regulation"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Felizabeth-warren-says-cryptocurrencies-are-an-environmental-disaster-calls-for-regulation%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=558908&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/06\/warren-scaled-e1623293891741.jpg\" class=\"ff-og-image-inserted\"  style=\"display:none\"><\/div>\n<aside id=\"right1forarticles\">\n<\/aside>\n<div id=\"ob-read-more-selector\" readability=\"41.509631260319\">\n<p>Democrat Massachusetts Sen. Elizabeth Warren called cryptocurrency an \u201cenvironmental disaster\u201d and called for more regulation Wednesday, according to Bloomberg.<\/p>\n<p>Warren called for more regulation in the cryptocurrency market and said that \u201cit\u2019s a Wild West out there\u201d.<\/p>\n<p>She also claimed that cryptocurrency like dogecoin and bitcoin is \u201cnot a good way to buy and sell things and not a good investment. Lastly she called it an \u201cenvironmental disaster\u201d, according to <a href=\"https:\/\/twitter.com\/BloombergTV\/status\/1402749016845262851\" target=\"_blank\" rel=\"noopener noreferrer\">Bloomberg<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\" readability=\"7.5102040816327\">\n<p dir=\"ltr\" lang=\"en\">Senator Elizabeth Warren says what\u2019s happening now in cryptocurrencies is reminiscent of the Wild West and calls it an \u201cenvironmental disaster\u201d <a href=\"https:\/\/t.co\/i9pgmoc7SR\">https:\/\/t.co\/i9pgmoc7SR<\/a> <a href=\"https:\/\/t.co\/leRYGtXJi8\">pic.twitter.com\/leRYGtXJi8<\/a><\/p>\n<p>\u2014 Bloomberg TV (@BloombergTV) <a href=\"https:\/\/twitter.com\/BloombergTV\/status\/1402749016845262851?ref_src=twsrc%5Etfw\">June 9, 2021<\/a><\/p>\n<\/blockquote>\n<p>\u201cCryptocurrency has created opportunities to scam investors, assist criminals, and worsen the climate crisis,\u201d said Warren during a congressional hearing held by the Senate Banking Committee Wednesday, according to Reuters. \u201cThe threats posted by crypto show that Congress and federal regulators can\u2019t continue to hide out, hoping that crypto will go away. It won\u2019t. It\u2019s time to confront these issues head-on.\u201d <strong><a href=\"https:\/\/dailycaller.com\/2020\/12\/22\/sec-sues-cryptocurrency-firm-illegal-securities\/\" target=\"_blank\" rel=\"noopener noreferrer\">(RELATED: SEC Sues Cryptocurrency Firm Over $1.3 Billion In Illegal Securities)<\/a><\/strong><\/p>\n<p>She also said that a digital currency backed by the Federal Reserve shows \u201cgreat promise.\u201d Some Republicans, however, objected to this claim. \u201cWe don\u2019t need a state-sponsored bank interfering with this successful free-enterprise system,\u201d said Republican Pennsylvania Sen. Pat Toomey, according to <a href=\"https:\/\/www.reuters.com\/technology\/warren-us-government-needs-confront-crypto-threats-head-on-2021-06-09\/\" target=\"_blank\" rel=\"noopener noreferrer\">Reuters<\/a>.<\/p>\n<p>American bitcoin traders earned $4.1 billion in profit last year, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-06-08\/americans-pocketed-4-billion-in-bitcoin-profits-last-year\" target=\"_blank\" rel=\"noopener noreferrer\">Bloomberg<\/a>.<\/p>\n<p>In April, a federal court gave the <a href=\"https:\/\/dailycaller.com\/2021\/04\/01\/justice-department-internal-revenue-service-cryptocurrency-john-doe-summons-taxes\/\" target=\"_blank\" rel=\"noopener noreferrer\">Internal Revenue Service (IRS)<\/a> permission to collect information about cryptocurrency traders who are suspected of violating tax laws.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Democrat Massachusetts Sen. Elizabeth Warren called cryptocurrency an \u201cenvironmental disaster\u201d and called for more regulation Wednesday, according to Bloomberg. Warren called for more regulation in the cryptocurrency market &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2279842,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/06\/warren-scaled-e1623293891741.jpg","fifu_image_alt":"Elizabeth Warren Says Cryptocurrencies Are An \u2018Environmental Disaster,\u2019 Calls For Regulation","footnotes":""},"categories":[],"tags":[],"class_list":["post-558908","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/06\/warren-scaled-e1623293891741.jpg","fifu_image_alt":"Elizabeth Warren Says Cryptocurrencies Are An \u2018Environmental Disaster,\u2019 Calls For Regulation","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/558908","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=558908"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/558908\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2279842"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=558908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=558908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=558908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}