In the clip, Warren denounced recent legislative efforts that could allow companies to tokenize their shares and operate outside traditional regulatory frameworks, remarks that quickly drew ridicule and outrage online.

Warren Warns Against Tokenized Stocks Escaping SEC Oversight

In her comments, Warren sounded the alarm over provisions in the U.S. House’s recent crypto legislation, particularly the Financial Innovation and Technology for the 21st Century Act (FIT21), which she claims could permit major public companies like Meta or Tesla to bypass SEC regulations by moving their shares to blockchain platforms.

She's OVERElizabeth Warren's War on Crypto. She chains the US to the dinosaur financial system, while @RobinhoodApp's visionary founder@vladtenev rockets the world toward a TOKENIZED, unstoppable future!

Go Go GO Vlad! pic.twitter.com/w2kOfhfuP0

— Crypto Eri ~ Carpe Diem (@sentosumosaba) July 10, 2025

“Under the House bill, a publicly traded company like Meta or Tesla could simply decide to put its stock on the blockchain and poof, it would escape all SEC regulation,” Warren warned. She further referenced an emerging trend of private company tokenization, noting, “We gave away around $1 million worth of OpenAI tokens, $500 thousand worth of SpaceX… We’d like to have thousands of private companies on the platform accessible to retail.”

Warren argued that these moves threaten investor protections, national security, and financial stability. “The risks to investors, our financial system, and our national security have also increased at the same time,” she added.

Robinhood CEO Vladimir Tenev Pushes Back

Responding to Warren’s criticisms, Robinhood CEO Vladimir Tenev defended the shift toward tokenized equity and decentralized finance. Tenev, whose firm has been working on blockchain-based trading infrastructure, acknowledged the regulatory tension but emphasized the need for innovation.

“That’s the trap of being at the frontier. There are entrenched interests that make it difficult to navigate… If stocks go on blockchains, what’s going to happen?” he said. “In my business, I employ thousands of people who rely on it being done this other way.”

Tenev’s comments reflect growing interest from fintech companies in tokenizing both public and private equity, potentially unlocking new efficiencies while reducing the role of traditional intermediaries.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

XRP Community Erupts in Mockery

Elizabeth Warren’s remarks were met with overwhelming ridicule across crypto circles. Under Crypto Eri’s X post, the XRP Army and broader digital asset community responded with a wave of sarcasm, frustration, and scorn.

“Wish somebody would take her to the nursing home,” wrote one user, Skinnedwabbit, while Holo posted, “Everyone under the age of 50 thinks you’re a dinosaur, @ewarren—your analog brain has no place in the 21st century. Retire!”

The tone only intensified as users chimed in with contempt. “Nothing more than an old lady screaming at the sky. Pack it up, it’s over, Pocahontas!” said Chip from onthechain.io. Rob Smith added, “She’ll be screaming into the abyss. The old ways are dying,” echoing the broader crypto sentiment that traditional finance is becoming obsolete.

Others like John Ferguson and Justin Tomlin dismissed Warren’s comments as out-of-touch, calling her “a DINO” and accusing her of spreading “nonsense.” 

A Long History of Anti-Crypto Sentiment

Warren’s opposition to crypto is not new. In 2023, she publicly declared she was “building an anti-crypto army,” with support from both progressive Democrats and conservative lawmakers. Her campaign focused on addressing money laundering, fraud, and financial crime, using crypto as a central target. That stance, however, has increasingly isolated her from a growing wave of digital asset proponents and legislators pushing for clarity rather than suppression.

With the FIT21 bill and tokenization initiatives from companies like Robinhood gaining momentum, Warren’s regulatory warnings appear to many as relics of an outdated mindset. For the XRP Army, her latest remarks are just another sign that the old guard is desperately clinging to a system already being rewritten.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

Follow us on Twitter, Facebook, Telegram, and Google News

The post XRP Army Mocks Elizabeth Warren After Making This Statement appeared first on Times Tabloid.

The letter was addressed to Inspector General Deborah Jeffrey and highlighted several crypto-related actions taken by the SEC in recent months, including the agency’s reported dismissal of its case against Ripple Labs.

Senator Warren’s letter, shared publicly in a tweet by crypto analyst and influencer Crypto Eri, emphasized a need to assess whether political pressure, conflicts of interest, or insider relationships have undermined the SEC’s statutory independence.

Crypto Eri noted that Ripple was mentioned eight times in the letter, including a direct question about who had advance knowledge of the SEC’s decision to drop its long-running enforcement case against Ripple Labs. The case, initially launched during President Trump’s first term in 2020, alleged that Ripple had violated federal securities laws by selling XRP as an unregistered security.

Letter signed by Senator Elizabeth Warren April 2, to investigate undue influence over recent SEC decisions. @Ripple mentioned 8 times with questions like, " Who had advance knowledge of the SEC’s decision to dismiss its case against Ripple Labs?" and what is Trump's relationship… pic.twitter.com/gFIrzOizzt

— Crypto Eri ~ Carpe Diem (@sentosumosaba) April 5, 2025

The senator’s inquiry also raised questions about the presence of Ripple CEO Brad Garlinghouse at a recent White House crypto summit and Ripple’s $5 million donation to President Trump’s inaugural committee.

These developments occurred just before the SEC’s reported decision to cease legal action against the company. Warren called for clarification on whether these connections factored into the agency’s enforcement choices.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

SEC Actions Under Scrutiny Across the Crypto Sector

Warren’s letter points to broader trends that she views as suspicious. She outlined how the SEC has recently paused or dismissed enforcement actions against multiple crypto entities, including Binance, Coinbase, Kraken, Gemini, and others. She linked these decisions to figures tied to the Trump administration, suggesting that political favoritism may have played a role.

One specific concern included discussions by Trump family representatives about acquiring a financial stake in Binance shortly after the SEC paused its civil case against the firm and its founder, Changpeng Zhao, who had previously pleaded guilty to criminal charges.

Crypto Eri highlighted that Warren questioned whether SEC decisions have been influenced by those with financial stakes in the outcome. For example, Trump’s SEC chair nominee, Paul Atkins, reportedly holds millions of dollars in crypto-related investments.

His financial connections to Ripple, Coinbase, and other crypto firms were flagged in the letter as a potential conflict of interest, with Warren asking whether he or others had advance knowledge of the SEC’s enforcement decisions.

Meme Coin Policy Raises Further Ethical Concerns

The letter also scrutinized the SEC’s February 27 statement that most meme coins are not securities, a position that could shield coins tied to the Trump family, such as $TRUMP and $MELANIA, from future litigation. Warren asked whether the President’s working group on digital assets, or any of his advisors, coordinated with SEC officials before the statement was issued.

Crypto Eri’s tweet underscored the depth of the inquiry by referencing the detailed list of questions in Warren’s letter. These include specific requests for records of communications, lists of individuals who had prior knowledge of key SEC decisions, and assessments of compliance with ethics laws and SEC policy.

Warren’s letter calls on the SEC OIG to assess all crypto-related actions since January 20, 2025, and to determine whether any decision-making processes were compromised. Her goal is to ensure accountability and restore trust in the SEC’s enforcement function.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

Follow us on X, Facebook, Telegram, and  Google News

The post Ripple Mentioned 8 Times in Letter Signed by Elizabeth Warren to Investigate SEC appeared first on Times Tabloid.

During the debate, Deaton stated, “This token XRP was called legal because of my work,” a comment reflecting his involvement in the U.S. Securities and Exchange Commission (SEC) case against Ripple.

Deaton filed suit against the SEC on behalf of over 75,000 XRP holders, doing so pro bono, and showing his commitment to protecting individuals impacted by regulatory overreach. Deaton used this moment to highlight the significance of his legal victory for XRP holders, noting that the token’s legitimacy was affirmed through his advocacy efforts.

He further pointed out that because of this work, Ripple executive Chris Larsen could donate $1 million in XRP to Vice President Kamala Harris’s campaign, showing how cryptocurrencies benefit the Democrats who seem to want it gone.

Deaton’s message was clear: without his legal intervention, the crypto donations benefiting Harris’s political endeavors wouldn’t have happened. As he expressed directly to Harris, “Madam Vice President, if you’re watching, you’re welcome.”

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Overview of the Debate

Throughout the debate, Deaton framed himself as a defender of small investors and a proponent of financial innovation. He critiqued Warren’s anti-crypto stance, exposing her as out of touch with modern financial technologies and more aligned with traditional banking interests.

On the other hand, Warren stood firm in her opposition to cryptocurrencies, emphasizing the risks they pose to the financial system. She reiterated her concerns about the use of crypto in money laundering and financial instability, frequently pointing to the Digital Asset Anti-Money Laundering Act as a necessary safeguard.

Warren has long argued for more stringent regulatory controls to protect consumers from the volatility and potential criminal use of digital assets. She even asked for the crypto market to be shut down, siding with prominent traditional financial figures and attempting to vilify crypto use.

Her comments have not gone down well with the crypto market. Many believe it’s time for a change. They see Deaton as the one who can bring that change, and Warren’s time in the U.S. Senate could be coming to an end as more people stand behind the candidate who fights for the people instead of the banks and traditional financial institutions.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

Follow us on Twitter, Facebook, Telegram, and Google News

The post Deaton Cites XRP Victory During Debate As Warren Reiterates Stance Against Crypto appeared first on Times Tabloid.

According to FOX Business journalist Eleanor Terrett, Ripple donated $1 million to the Commonwealth Unity Fund, a political action committee (PAC) established by pro-XRP lawyer James Murphy. This donation aims to promote Deaton’s candidacy and remove Senator Elizabeth Warren from her position.

Prior Support to Deaton’s Campaign

Many people have contributed to this initiative, including Attorney Murphy who contributed $50,000. Ripple had previously supported Deaton’s campaign in April, with executives Brad Garlinghouse and Chris Larsen donating the maximum individual campaign contribution of $6,600.

Other crypto proponents, such as Cardano founder Charles Hoskinson, have also supported Deaton’s bid to unseat Senator Warren. As of April, Attorney Deaton had raised $1.26 million, with most of the funds provided by crypto enthusiasts.

The Massachusetts senatorial election has become a significant political showdown between the Pro-Crypto and Anti-Crypto factions. Attorney Deaton, a former U.S. Marine and lawyer, is focused on promoting the growth of the U.S. crypto industry.

He played a crucial role in the lawsuit between the U.S. SEC and Ripple, which resulted in Judge Torres declaring that Ripple’s programmatic sales and distributions of XRP do not constitute an investment contract or security.

On the other hand, Senator Warren is a seasoned politician with over a decade of experience. She has been vocal about her anti-crypto stance and efforts to ban the emerging asset class. Given her commitment to stifle the growth of the U.S. crypto industry, it’s not surprising that industry executives are actively donating to Attorney Deaton’s campaign in an attempt to unseat Warren.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Conclusion

As the election approaches, the crypto community is closely watching the developments in Massachusetts. A win for Attorney Deaton would be seen as a significant victory for the Pro-Crypto faction and a blow to Senator Warren’s efforts to restrict the industry. The outcome of this election will have far-reaching implications for the future of cryptocurrency in the United States.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

Follow us on Twitter, Facebook, Telegram, and Google News

The post Ripple Makes Vital Move To Send Elizabeth Warren Packing appeared first on Times Tabloid.

John Deaton, a lawyer well-known for representing over 75,000 XRP holders in the ongoing legal tussle between Ripple and the U.S. SEC, has announced his candidacy against incumbent Senator Elizabeth Warren, a die-hard cryptocurrency critic.

Read Also: Ripple CEO and XRP Army Back Deaton to Unseat Senator Elizabeth Warren: Details

Deaton’s Rise: From Courtroom to Campaign Trail

Deaton, a Marine veteran and Rhode Island transplant made his campaign announcement on February 20th through a compelling video message. In the video, he talks about his humble upbringing and his unwavering commitment to fighting for the “little guy.”

His campaign focuses on five main goals, including improving healthcare access, solving the migrant crisis, addressing rising prices, offering better opportunities for children, and fighting corruption in Washington. He specifically targets Senator Warren, accusing her of not prioritizing the needs of the people of Massachusetts.

He stated, “I’ll work day and night to make a difference in your life. I know your life’s struggles because I’ve lived them. I’ll fight for what is right because I have no fear, and I’ll never give up.”

First, it was schoolyard bullies, then it was greedy corporations and the SEC, and now I am taking on the Washington elites. https://t.co/XxW0M7kkw9 pic.twitter.com/adJVbz4tyn

— John E Deaton (@JohnEDeaton1) February 20, 2024

Warren’s Response Showcases Her Fears

Senator Warren wasted no time in responding to Deaton’s challenge. She portrayed him as a pawn being used by the Republican party and special interest groups.

She emphasized her dedication to protecting consumers from cryptocurrency scams and advocating for fair financial regulations. To counter the potential threat posed by these powerful interest groups supporting Deaton, her campaign has launched an urgent fundraising effort.

Deaton Responds To Warren’s Fears

In response to Warren’s allegations of being sponsored, John Deaton said he was not recruited by anyone, stating that he’s open to a substantive discussion on things that will benefit the people of Massachusetts.

Senator, no one recruited me and I’m looking forward to a substantive discussion on the issues that are important to the good people of Massachusetts, like income inequality, inflation, housing costs, illegal immigration, the debt crisis, and veterans’ services. https://t.co/uYD7iZxf8J

— John E Deaton (@JohnEDeaton1) February 21, 2024

This electoral contest has become a classic David-and-Goliath story, with a tech-savvy newcomer going up against an experienced politician. Beyond their clash, the outcome of this race holds significant implications for the future of crypto in the United States.

If Deaton wins, it could lead to more favorable regulations and wider acceptance of digital assets. On the other hand, Senator Warren’s re-election could result in increased scrutiny and slower growth for the industry.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Read Also: Judge Sarah Netburn Orders Ripple and SEC to Choose Convenient Dates For Settlement Conference 

Political analysts recognize the advantages Senator Warren has as the incumbent, including her strong fundraising network and widespread name recognition, making her a formidable opponent. However, Deaton’s successful legal battles against the SEC, combined with the growing popularity of cryptocurrencies, might attract voters who are disillusioned with traditional politics.

This contest goes beyond party lines, touching on larger national debates about financial regulation, social safety nets, and individual empowerment. Deaton’s campaign focuses on how cryptocurrencies can promote financial inclusion and empower individuals, while Senator Warren emphasizes the need for consumer protection and responsible regulations.

Follow us on Twitter, Facebook, Telegram, and Google News

The post Senator Elizabeth Warren Is Afraid of Losing To Pro-XRP Lawyer Deaton. Here’s why appeared first on Times Tabloid.

This unexpected alliance aims to challenge the stronghold of Elizabeth Warren, whose anti-crypto stance has drawn the ire of XRP enthusiasts. With their battle cry of “Draft John Deaton!” echoing through the digital landscape, a wave of excitement and anticipation builds.

Politico reports No New Challenger has emerged to unseat Sen. Elizabeth Warren. @JohnEDeaton1 is capable of flipping this seat The Warren "Anti-Crypto Army" doesn't stand a chance against the Pro-Crypto Army
We call on John Deaton to run
Please SHOW YOUR SUPPORT & SHARE… pic.twitter.com/RCCUGhThNB

— Crypto Eri Carpe Diem (@sentosumosaba) January 4, 2024

Read Also: Pro-XRP John Deaton Shares Likely Timeline For Ripple-SEC Case Final Judgement

As expected, the tweet attracted thousands of XRP community members, including Ripple CEO Brad Garlinghouse who retweeted the post to show his support for the recommendation.

Many other XRP support, including attorney Jeremy Hogan, also urged Deaton to accept the challenge.

Run John, Run!@JohnEDeaton1 https://t.co/CG2w7Gjpdb

— Jeremy Hogan (@attorneyjeremy1) January 5, 2024

But why Deaton and why now?

Deaton’s legal acumen and unwavering defense of XRP during the ongoing Ripple lawsuit have transformed him into a folk hero within the crypto industry.

He fearlessly calls out Warren’s alleged bias and inaction, accusing her of neglecting her oversight duty by avoiding questioning SEC Chair Gary Gensler about his connections to the embattled FTX founder Sam Bankman-Fried, possibly due to familial ties.

Moreover, over 600 XRP holders have pleaded with the senator for an inquiry into the SEC case, only to be met with deafening silence.

To make matters worse, Deaton highlights Warren’s support for an anti-Bitcoin bill, a draconian legislation that poses a direct threat to the very existence of crypto in the United States, according to his estimations.

While Warren’s popularity and entrenched position present a formidable challenge, Deaton’s outsider appeal, combined with the unwavering support of the crypto community, could prove to be a potent force.

Picture a David vs. Goliath showdown, where a lawyer takes on a political titan, fueled by the collective might of a passionate grassroots movement. It’s akin to Occupy Wall Street 2.0 but with cryptocurrencies at the forefront.

If this clash were to materialize, mainstream media attention would be inevitable. The high-stakes battle would thrust crypto into the national spotlight, compelling even the most skeptical observers to engage with the issue at hand.

A Deaton victory would not only unseat Warren but also send shockwaves through the political landscape, symbolizing the crypto community’s growing political clout and unwavering resolve.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Of course, challenges lie ahead. Deaton has yet to officially declare his candidacy, and the uphill battle against a seasoned politician demands not only passion but also meticulous strategizing and resource mobilization.

Read Also: John Deaton Hopes To See XRP Works With No Ties To Ripple. Until 41.9 Billion XRP Is Sold?

The stakes have never been higher. This is not merely about one Senate seat, it’s about the future of crypto in the United States. An electoral triumph for Deaton would serve as a resounding affirmation of the industry’s legitimacy and its right to flourish without unnecessary regulatory burdens.

Such a victory would embolden the crypto community to flex its political muscle even more, demanding fair representation and further solidifying its presence on the national stage.

Will Deaton answer the call? Only time will reveal the answer. However, the XRP army stands ready to rumble, and the 2024 elections may bear witness to the rise of the unlikeliest of champions.

Follow us on Twitter, Facebook, Telegram, and Google News

The post Ripple CEO and XRP Army Back Deaton to Unseat Senator Elizabeth Warren: Details appeared first on Times Tabloid.

Schwartz, who shared the screenshot of the letter highlighted the part that got him displeased. According to the Ripple CTO, the most displeasing portion of the document claims that the Association’s November letter aimed to undermine Congress’s efforts in addressing the role that crypto plays in financing illicit activities.

This makes me angry. pic.twitter.com/qvgbb9P6ZV

— David "JoelKatz" Schwartz (@JoelKatz) December 19, 2023

Read Also: David Schwartz Compares Ripple to Amazon to Prove XRP Holders Are Not Investors in Ripple

Schwartz’s outburst resonated with the crypto community members, who feel that regulators often unfairly generalize the industry, disregarding the efforts of businesses working to prevent misuse of cryptocurrencies.

Striking a Balance Between Innovation and Crime Prevention

Senator Warren proposes the Digital Asset Anti-Money Laundering Act, which would impose strict banking rules on crypto companies to combat money laundering. However, critics argue that this approach is excessive and could hinder innovation, hampering the potential of blockchain technology to revolutionize various sectors.

The recent reports of Hamas using cryptocurrencies for funding have further fueled the regulatory push. Warren and other proponents argue for tighter control over the digital asset space.

Critics, however, highlight that these instances involve relatively small volumes compared to traditional financial crimes, emphasizing the need for a more comprehensive approach to combat money laundering.

The Blockchain Association and other industry leaders strongly refute accusations of undermining regulation. They claim that widespread crypto-based illegal financing reports are exaggerated and highlight their commitment to self-regulation.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Read Also: Ripple CTO David Schwartz Reveals Compelling Facts About Bitcoin (BTC)

In their November letter, they urged Congress to consider a more nuanced approach, targeting bad actors without hindering the vast potential of blockchain technology.

Crypto enthusiasts emphasize that blockchain’s transparency makes it more traceable than traditional finance, offering regulators greater visibility into illicit activities.

However, they caution against overregulation, which could drive innovation away and limit the legitimate applications of blockchain in fields like healthcare and supply chain management.

Warren’s letter questioning the involvement of former law enforcement and military officials in the November letter added fuel to the fire.

In response, Smith invited Warren to a dialogue, highlighting the industry’s proactive approach and previous unsuccessful attempts at discussion. This exchange exposed the deep divide between regulators and the industry, with both sides feeling unheard and misunderstood.

Follow us on Twitter, Facebook, Telegram, and Google News

The post “This Makes Me Angry”, Says Ripple CTO David Schwartz. Here’s why appeared first on Times Tabloid.

The crypto world is facing a brewing storm as powerful figures on opposite ends of the financial spectrum have joined forces to raise concerns about its potential for illegal activity.

Senator Elizabeth Warren, a staunch crypto critic, has found a surprising ally in Jamie Dimon, the CEO of banking giant JPMorgan Chase. Both have raised concerns against cryptocurrencies, citing their potential role in facilitating drug trafficking, money laundering, and terrorist financing.

Read Also: Elon Musk’s Recent Post On X Sparks Bullish Responses From XRP Army

Warren, a long-time champion of financial regulation, paints crypto as a new threat to law enforcement and financial stability. She argues that its decentralized nature allows criminals to circumvent traditional financial controls, giving them a platform to conduct illegal activities without fear of detection. She proceeded to claim that North Korea finances half of its nuclear weapons program with Bitcoin and argues that the U.S. cannot let that continue.

Dimon, who has never shied away from criticizing cryptocurrencies, shares her concerns. He recently stated that crypto has “no true use case except for criminals, drug traffickers, money launderers, tax avoiders.” Dimon’s words, coming from the head of one of the most influential financial institutions in the world, carry significant weight and further bolster Warren’s argument.

Adding fuel to the fire, all major bank CEOs who testified before Congress recently agreed with Warren’s stance that crypto platforms had to follow the same money laundering rules as banks. This stance could signal a shift in the landscape of crypto regulation, potentially leading to stricter controls and oversight.

Elon Musk Responds

The pro-crypto camp remains unfazed, highlighting the hypocrisy of Warren and Dimon’s arguments. Focusing solely on the negative aspects of crypto paints an incomplete picture, overlooking its potential for innovation, decentralization, and financial inclusion.

Adding his voice to the crypto supporters is Elon Musk. An X user accused Warren of hypocrisy by siding with multimillionaires and hating the people.

Read Also: Elon Musk’s Recent Announcement Sparks an Interesting Demand for XRP Involvement

The user stated, “Younger Elizabeth Warren would have declared the enemy of the people to be current Elizabeth Warren.” Musk, known for his outspoken support of cryptocurrencies, agreed with this viewpoint.

True

— Elon Musk (@elonmusk) December 8, 2023

The battle lines have been drawn, with powerful figures on both sides of the issue. Only time will tell what comes of Warren and Dimon’s attempts to regulate or shut down the crypto market.

This is not the first time the U.S. government has come against the crypto market, but Ripple’s three consecutive victories over the U.S. Securities and Exchange Commission show that the crypto market won’t back down from a fight.

Follow us on Twitter, Facebook, Telegram, and Google News

The post Elon Musk Responds to Elizabeth Warren’s Comments about Crypto Use Cases appeared first on Times Tabloid.

In an interview on CNBC Squawk Box a few hours ago, Warren pointed out that the crypto industry may be the proper means to tackle a number of challenges in the traditional financial institution, especially in terms of reaching the unbanked across the world.

Read Also: Could Amazon Integrate Ethereum and Cardano as Bitcoin Remains Key for Its Crypto Payments? Insider Says Yes

“One of the things I think is very interesting is digital currency. There has been an enormous failure by the big banks to reach consumers all across the country…digital currency and central bank digital currency may be an answer there.”

"One of the things I think is very interesting is digital currency," says @ewarren. "There has been an enormous failure by the big banks to reach consumers all across the country…digital currency and central bank digital currency may be an answer there." pic.twitter.com/sCVum1GGe2

— Squawk Box (@SquawkCNBC) July 28, 2021

According to the senator, the existing financial system has a lot of problems, suggesting that some crypto-related solutions could potentially solve the problems.

Read Also: JPMorgan Now Let Retail Customers Invest In Bitcoin, Ethereum, Bitcoin Cash, and Ethereum Classic

Elizabeth Warren noted:

“We have a lot of problems in our financial system right now. The question we have to ask is look at the design of crypto to see where it may be better but also to see where it may inject its own risks into the system.”

"We have a lot of problems in our financial system right now," says @SenWarren. "The question we have to ask is look at the design of #crypto to see where it may be better but also to see where it may inject its own risks into the system." #btc #bitcoin pic.twitter.com/cs7cy1kWbZ

— Squawk Box (@SquawkCNBC) July 28, 2021

Read Also: Elon Musk Confirms He Owns Ethereum and Dogecoin, Says Both Tesla and SpaceX Own Bitcoin

It’s worthy of note that the recent comment from Warren came shortly after tagging crypto enthusiasts as a “shadowy, faceless group of super coders and miners” in a Tuesday crypto-based press panel, as reported by Cointelegraph.

Follow us on Twitter, Facebook, Telegram, and Download Our Android App

The post Senator Elizabeth Warren Makes U-Turn, Backs Digital Currency as the Best Means to Reach the Unbanked appeared first on Times Tabloid.