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Most Influential 2021: Elizabeth Warren
The progressive Massachusetts senator has brought the fight against crypto to Washington.
By CoinDesk
Updated May 11, 2023, 4:31 p.m. Published Dec 9, 2021, 8:24 p.m.
Sen. Elizabeth Warren (D-Mass.) isn’t the only U.S. politician to look at the cryptocurrency industry with a critical eye, but she may be the most sharp tongued. “Instead of leaving our financial system at the whims of giant banks, crypto puts the system at the whims of some shadowy faceless group of super coders and miners, which doesn’t sound better to me,” she said at a U.S. Senate Banking Committee meeting in July.
The progressive lawmaker, founder of the Consumer Financial Protection Bureau (CFPB), has raised concerns about retail investors’ ability to access crypto trading platforms as well as the industry’s environmental footprint. Warren isn’t taken by the idea that bitcoin could be a powerful tool in making the U.S. banking system more transparent, resilient and fairer – one of her supposed policy goals. But her influence over the future of crypto, for better or worse, is clear.
The Complete List: CoinDesk’s Most Influential 2021
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Fintech and Crypto Firms Seek Bank Charters Under Trump Administration: Reuters
Financial technology and crypto firms are increasingly applying for state or national bank charters, despite the community’s historical resistance to centralized banking.
Ce qu'il:
- Fintech and crypto firms are increasingly applying for bank charters, anticipating a more favorable regulatory landscape.
- Becoming a bank allows firms to accept deposits and lower borrowing costs but brings stricter oversight.
- Regulatory bodies have historically approved few new bank charters, though recent signals suggest a more streamlined process.
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