The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Senator Elizabeth Warren Says Crypto Poses Bigger Risk to Financial System the Bigger It Gets – Here’s Why

by Daily Hodl Staff
August 6, 2021
in Bitcoin

US Senator Elizabeth Warren (D-MA) says that the bigger the crypto sector gets, the bigger the risk it poses to the financial system at large.

In a new interview with Bloomberg, Warren draws parallels between the growing crypto industry and the 2008 financial crisis.

“So do you remember money markets back in 2006, 2007, 2008, and how much money flooded into money markets because the banks were paying like nothing in interest on money and savings accounts? And the money markets were saying, ‘Hey, put your money over here, we will pay a little more and give you all the benefits of a checking account.’ And then the crash came…

We’re in the same kind of risk right now with crypto. The bigger it gets, and the more it stays outside the financial system, something goes wrong – there’s run on crypto, there’s a problem elsewhere in the economy – I don’t want the US taxpayer to be the one who gets called on to back up the financial system again.”

Warren says that the crypto markets need a “cop on the beat” to protect investors.

“If people are going to be out there trading in it, there needs to be a cop on the beat. Because when there’s not a cop on the beat in any market, then it’s the small traders who get cheated. And that’s what always worries me…

This is about putting some basic rules in place so that anyone can trade with just some basic confidence that the biggest kinds of scams will have a cop on the beat to blow the whistle and put a stop to it.”

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/dibrova

Submit a Press Release

Industry Announcements

  • Fans Hash Launches Zero-Barrier Cloud Mining With Daily Payouts and Global Pool Access
    June 16, 2025
  • Universal Digital Inc. Announces Bitcoin Treasury Strategy Across North America and Asia
    June 16, 2025
  • FIFA Rivals Launches Worldwide, Bringing Non-Simulation Arcade Football Action to Mobile Devices
    June 12, 2025
  • Polemos Announces TGE and a Game-Changing Strategic Partnership With BUFF Accelerating Web 3.0 Adoption
    June 12, 2025
  • Bitpanda Opens the Gate to Web 3.0 With Vision (VSN)
    June 12, 2025
  • tBTC Launches on Starknet, Expanding Bitcoin’s Role in Multi-Chain DeFi
    June 11, 2025
  • Allnodes Launches Bare-Metal Servers for Solana Validators and Builders
    June 11, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$106,931.65
$106,931.65
1.34%
Ethereum
$2,568.95
$2,568.95
1.03%
BNB
$651.99
$651.99
0.68%
Solana
$150.50
$150.50
0.94%
XRP
$2.23
$2.23
3.09%

Spotlight

  • Analyst Says Bitcoin Has ‘Pretty Good’ Chance of Hitting Massive Price Target in 2026, Citing Three Technical Signals
    June 9, 2025
  • 36,659 Americans Warned As Data Breach May Have Exposed Names, Addresses, Social Security Numbers, Health Records, Bank Account Numbers and More
    June 9, 2025
  • Bitcoin Hoarder Stock Explodes on News of $5,400,000,000 Fundraising Plan for BTC Accumulation
    June 9, 2025
  • Rich Dad Poor Dad Author Warns ‘Civil War’ Has Begun, Calls for Saving Gold, Silver and Bitcoin for Protection
    June 9, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl