Senator and former United States presidential candidate Elizabeth Warren believes the digital asset industry could be a tool to address some of the challenges in the traditional financial system.
Warren, a well-known skeptic of cryptocurrencies like Bitcoin (BTC), appeared to have softened her stance on the crypto industry in a CNBC Squawk Box interview on Wednesday. specification that digital currencies could be an instrument to fund the bank without a bank account:
“It has been a tremendous failure by the major banks to reach consumers across the country. The digital currency and the digital currency of the central bank could be an answer here. “
The senator stressed that the existing financial system has many problems, suggesting that some solutions related to cryptocurrencies could be a possible solution to these problems. “The question we have to ask is to look at the design of crypto to see where it could be better, but also to see where it can bring its own risks into the system,” warren specified.
Related: Senator Warren urges Treasury Secretary Yellen to tackle rising crypto threats
Warren’s latest comments on crypto come shortly after the senator described crypto-related gamers and enthusiasts as a “shadowless, faceless group of super-coders and miners” in a press panel devoted to crypto on Tuesday.
The story evolves and is updated.