The bill, sponsored by Sens. Elizabeth Warren (D-MA) and Lindsey Graham (R-SC), would create a new agency called the Digital Consumer Protection Commission that would be empowered to go after giant tech firms for a slew of anti-competitive behaviors and failing to protect consumer privacy.
She basically wants to end cryptocurrency… Crusty? No. Understand technology though? Also no.
Well yeah, she’s a huge advocate for consumer financial protections and crypto has the potential to delete all forms of consumer protections in financial transactions. This isn’t a surprising position for her to take and it doesn’t imply a lack of understanding of the tech. Just tells you that her politics don’t line up well with the Venn diagram of anarchists and libertarians that think there’s no downsides to crypto.
I don’t know that that’s a fair assessment. She seems interested in ending cryptocurrency, not ensuring it’s used responsibly.
Oh no! That’d be almost as bad as losing NFTs!