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According to Cointelegraph, a new op-ed from United States Senator Elizabeth Warren revealed a negative stance towards crypto industry with regard to the fallout. Elizabeth Warren’s WSJ op-ed correlated the fall of the FTX crypto exchange to crypto ruining the entire economy. Warren wrote that the crypto industry is on a “well-worn path of financial innovation,” which starts with exciting rewards but ends in “crippling losses.” She compared it to subprime mortgages of 2008, penny stocks and credit-default swaps. The Senator said what happened with FTX should be a “wake-up call” to regulators to enforce laws on the industry.

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【US Sen. Elizabeth Warren says crypto will ruin economy】According to Cointelegraph, a new op-ed from United States Senator Elizabeth Warren revealed a negative stance towards crypto industry with regard to the fallout. Elizabeth Warren’s WSJ op-ed correlated the fall of the FTX crypto exchange to crypto ruining the entire economy. Warren wrote that the crypto industry is on a “well-worn path of financial innovation,” which starts with exciting rewards but ends in “crippling losses.” She compared it to subprime mortgages of 2008, penny stocks and credit-default swaps. The Senator said what happened with FTX should be a “wake-up call” to regulators to enforce laws on the industry.

US Sen. Elizabeth Warren says crypto will ruin economy

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