Crypto’s Cold, Dark Winter
Crypto has dominated headlines lately—and none of them have been good, to say the least.
FTX co-founder Sam Bankman-Fried is facing fraud charges. Another lending platform, Celsius, went bankrupt. The value of Bitcoin has fallen by half, with other digital coins tumbling along behind it.
Amid this crypto winter, the case for regulation is strong, as hosts Felicia Wong and Michael Tomasky discuss on a new episode of How to Save a Country.
And in a previously unaired clip from their fall interview, Sen. Elizabeth Warren explains the stakes.
“I think more people are coming to understand that much that we’ve seen around crypto is just smoke and mirrors,” Sen. Warren says. “[E]mptying out people’s accounts, using the money for all kinds of shockingly bad purposes, and leaving the customers completely in the dark and unprotected.”
Listen now to Sen. Warren’s crypto take, and follow for more How to Save a Country.
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