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'DeFi is the most dangerous part of the crypto world,' says Senator Elizabeth Warren
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Massachusetts Senator Elizabeth Warren did not hold back in her criticism of decentralized finance, expressing concern about how a run on stablecoins would affect the average investor.
In a Tuesday hearing with the Senate Banking Committee discussing stablecoins, Warren questioned Professor Hilary J. Allen of the American University Washington College of Law as to whether a run on stablecoins could potentially endanger the U.S. financial system. Though Allen said an “en masse” redemption of
Read more on cointelegraph.comAbout this in other media
Finance Redefined: 83% of 7-figure Millennials own crypto, Sen. Warren criticizes DeFi, Dec. 10–17 cointelegraph.com /3 years ago
Senate hearing on stablecoins: Compliance anxiety and Republican pushback cointelegraph.com /3 years ago
US Senate confirms CFTC chair as President Biden announces commissioner picks cointelegraph.com /3 years ago
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