In an interview scheduled to air Thursday night, the Democratic senator stated that “I believe it’s time to move in this direction”, and spoke to Chuck Todd of NBC.
U.S. Sen. Elizabeth Warren (D-Mass.) Senator Elizabeth Warren (D-Mass.) believes it is time for the United States to create its own digital currency central bank (CBDC). Chuck Todd, NBC, interviewed Warren on “Meet the Press Reports” at 10:30 p.m. ET on Thursday NBCUniversal shared a transcript of the conversation on Thursday with CoinDesk.
“So many banks do wrong. If you think, “We could improve that in the digital world,” then the answer is “Yes.” Warren said that a central bank digital currency would be a good idea in this case. “Yes, I believe it’s time to move in this direction,” Warren said.
Todd asked Warren if bitcoin (BTC), will be regulated as a commodity. Warren replied, “I think it is going to end up being regulated,” citing the 2007 subprime mortgage financial crises as an example. She did not specify what type of regulations such regulations might take.
Warren , a March 2018 senator, announced a new bill that would prohibit cryptocurrency companies from doing business with sanctioned businesses. With senators Jack Reed (D.I.), Mark Warner, (D.Va.), and Jon Tester (D.Mont.), the Digital Assets Sanctions Compliance Enhancement Act was introduced. The Digital Assets Sanctions Compliance Enhancement Act, introduced with senators Jack Reed (D-R.I.), Mark Warner (D-Va.), and Jon Tester (D-Mont.), would allow the U.S. president add non-U.S.-based cryptocurrency companies to sanctions list if these individuals support sanctions evasion.
Warren responded to Warren’s question about whether cryptocurrency was “this decade’s real estate bubble”. What has it moved up on exactly? It has moved up because people tell each other it will be great, just like it was in the real estate market. How many times did people say, ‘Real Estate always goes up. It doesn’t go down. It never goes down” They used to say it before the bubble in real estate. It was before 2008’s crash, in the 2000s.