On Curbing Market Manipulation, Sen. Warren Tells Why She's Skeptical Of Bitcoin As An Inflation Hedge.
30 Jul 2021, 08:00
On Curbing Market Manipulation, Sen. Warren Tells Why She’s Skeptical Of Bitcoin As An Inflation Hedge
The cryptocurrency market requires tighter regulation to benefit small-scale investors and enable the government to push back on the whale-ridden market, according to Senator Elizabeth Warren.
The Chair of the Senate Banking Subcommittee made the remarks during an interview with CNBC, adding that heavy money movers often manipulate the price of crypto assets like bitcoin by taking advantage of lax crypto-regulatory guidelines.