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US Senators Urge Fidelity to Stop Offering Bitcoin in 401(k) Plans Citing FTX Collapse, ‘Serious Problems’ in Crypto Industry

US Senators Urge Fidelity to Stop Offering Bitcoin in 401(k) Plans Citing FTX Collapse, ‘Serious Problems’ in Crypto IndustrySeveral U.S. senators have called on Fidelity Investments to reconsider allowing bitcoin in 401(k) retirement plans. “The recent implosion of FTX, a cryptocurrency exchange, has made it abundantly clear the digital asset industry has serious problems,” the lawmakers told Fidelity CEO Abigail Johnson. US Senators Want Fidelity to Stop Offering Bitcoin in Retirement Plans Three […]

BTC price all-time high above $94K comes amid Bitcoin sell-off warning

US Senator Says Defi Is the Most Dangerous Part of Crypto – Urges Regulators to Clamp Down Before It’s Too Late

US Senator Says Defi Is the Most Dangerous Part of Crypto – Urges Regulators to Clamp Down Before It’s Too LateU.S. Senator Elizabeth Warren has called on regulators to clamp down on decentralized finance (defi) and stablecoins “before it’s too late.” She said: “Defi is the most dangerous part of the crypto world … it’s where the scammers, the cheats, and the swindlers mix among the part-time investors and first-time crypto traders.” US Senator Urges […]

BTC price all-time high above $94K comes amid Bitcoin sell-off warning

Elizabeth Warren Queries Bitcoin Mining Operation, US Senator Says Crypto Miners Raise Environmental Concerns

Elizabeth Warren Queries Bitcoin Mining Operation, US Senator Says Crypto Miners Raise Environmental ConcernsSenator Elizabeth Warren has written a letter to the CEO of the New York bitcoin mining firm Greenidge Generation, Jeff Kirt, asking for details on the company’s emissions. Warren’s letter insists “Greenidge and other [bitcoin mining] plants raise concerns about their impacts on the global environment.” Elizabeth Warren Takes Aim at Bitcoin Mining Operations The […]

BTC price all-time high above $94K comes amid Bitcoin sell-off warning

US Senator Warren Sees Benefits of Cryptocurrency but Warns ‘a Run on Crypto’ May Need Federal Bailout

US Senator Warren Sees Benefits of Cryptocurrency but Warns ‘a Run on Crypto’ May Need Federal BailoutU.S. Senator Elizabeth Warren, a longtime bitcoin skeptic, has shared her view of the benefits of cryptocurrencies. While noting that “The biggest upside to cryptocurrency could be expansion or democratization of access to the financial system,” she warned that the crypto industry may need federal bailout if something goes wrong, such as “a run on […]

BTC price all-time high above $94K comes amid Bitcoin sell-off warning

US Senator Elizabeth Warren Bashes Cryptocurrencies Citing Environmental Impact, Investor Protections

US Senator Elizabeth Warren Bashes Cryptocurrencies Citing Environmental Impact, Investor ProtectionsUS Senator Elizabeth Warren sees several issues with bitcoin and other cryptocurrencies. She said that “we need a good strong regulatory agency that can continue to update,” claiming that cryptocurrencies invite “investors to come in without the ordinary protections of the transparency and disclosures and auditing.” Elizabeth Warren Bashes Bitcoin and Other Cryptocurrencies Elizabeth Warren, […]

BTC price all-time high above $94K comes amid Bitcoin sell-off warning