On the recordDecember 13, 2021
Stablecoins, cryptomarkets are not actually an alternative to our banking system; they are a mirror of the same broken system with even less accountability and no rules at all.
Source
congress.govStablecoins, cryptomarkets are not actually an alternative to our banking system; they are a mirror of the same broken system with even less accountability and no rules at all.
Warren argues that stablecoins reflect the flaws of the current banking system.
Share & report
More from Elizabeth Warren
A year from now, people will remember Democrats fought to protect access to affordable health care while Republicans resisted it at every turn.
When consumers’ finances are already stretched thin, exorbitant overdraft fees can cause other payments to bounce — leading to even more fees in a vicious circle that can ‘turn setbacks into crises,’
It’s deeply disturbing to see the extent to which some of the largest American tech companies will do the bidding of whoever pays the most — even if it means helping to build a high-tech surveillance state.