Senator Warren claims that cryptocurrency will not solve financial inequity.

Cryptocurrencies aren’t a viable road to financial equality, according to Democratic Senator Elizabeth Warren, who chastised the business for the fact that Bitcoin is held by the affluent even more closely than dollars.

“We need real solutions to make the financial system work for everyone, not just the wealthy,” Warren, who represents Massachusetts, said in a tweet.  

Congress and federal officials are increasing their examination of cryptocurrencies in response to mounting calls for stronger rules in the flourishing industry, which has seen the value of digital currencies like Bitcoin and Ether skyrocket.

Digital currencies, according to critics, might disrupt the system and are prone to private entity exploitation, putting investors at risk.

Cryptocurrencies aren’t a viable road to financial equality, according to Democratic Senator Elizabeth Warren, who chastised the business for the fact that Bitcoin is held by the affluent even more closely than dollars.

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