3 - 4 minute read
Senator Elizabeth Warren, a leading progressive voice in the United States Congress, has caused a stir in the crypto community with her recent campaign slogan, which included building an “anti-crypto army.” While Warren’s stance on crypto is not new, this latest development has garnered significant attention from major crypto figures, including Charles Hoskinson, the founder of Cardano (ADA).
In response to Warren’s position, Hoskinson chose a gif depicting Michael Jordan saying the now-famous phrase, “It became personal with me.” While his statement was eloquent and succinct, the blockchain developer lamented that it was difficult not to take Warren’s anti-crypto stance personally.
The bottom line is that Elizabeth Warren cares more about maintaining her class warfare than she does about truth and Justice.
John Deaton, creator of Cardano, on Elizabeth Warren
Many in the crypto community have reacted to Senator Warren’s position with less restraint. John Deaton, a pro-crypto lawyer and legal representative of XRP holders, called Warren a fraud, citing the case of over 300 constituents from her district who were affected by the SEC investigation against Ripple. Warren’s staff refused to look into the case, stating that the senator would not respond to the issue as she might appear to be siding with some crypto billionaires or company heads, even though it was about ordinary working people.
Deaton’s criticism of Warren was harsh, stating, “The bottom line is that Elizabeth Warren cares more about maintaining her class warfare than she does about truth and Justice. At first, she wouldn’t help, but now she is out to hurt people.”
Some in the crypto community have suggested that Senator Warren is building a pro-CBDC army rather than an anti-crypto one. Many believe that the government’s emphasis on creating its own central bank cryptocurrency is an attempt to prohibit the circulation of private digital assets.
This latest development in the ongoing crypto regulation debate highlights the increasing tension between the crypto industry and the U.S. government. While Warren’s anti-crypto stance is not new, her latest campaign slogan has intensified the debate.
For traders, this development could have significant implications for the crypto asset in question, Cardano (ADA). While it is difficult to predict the exact impact of Warren’s stance on the price of ADA, it is clear that any anti-crypto sentiment from influential politicians could lead to increased market volatility.
It is important to note that trading carries a high risk, and traders should always conduct their own research and analysis before making any investment decisions. While the crypto industry continues to navigate the regulatory landscape, traders should remain vigilant and informed.
