Previously, Warren, known for her critiques of the banking sector, raised eyebrows by labeling cryptocurrency as a “threat,” as reported by CCN. This stark departure from her usual stance has garnered criticism, particularly from Edward Snowden, the former NSA contractor and whistleblower.
During a Senate banking committee hearing, crypto critic Elizabeth Warren seemed to align herself with major banks, expressing agreement with their views on cryptocurrency regulation. This surprising shift has left supporters of digital currencies disapproving, with Snowden accusing Warren of being “bought and paid for by the banks.”
Crypto critic Elizabeth Warren defended her position, stating, “I am not usually holding hands with the CEOs of multibillion-dollar banks. But this is a matter of national security.” However, critics argue that her apparent pivot towards the banking sector contradicts her previous adversarial relationship with it.
Jamie Dimon, CEO of JPMorgan Chase, joined the chorus of skepticism, indicating that he would shut down crypto if given the authority. Despite JPMorgan‘s pioneering use of blockchain technology, Dimon has consistently criticized cryptocurrencies.
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