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Cryptocurrency critic Elizabeth Warren is preparing for a presidential race for 2020. She announced Monday that she will work with an exploratory committee to raise funds for the campaign. This committee will allow you to take personal assignments before the start of the presidential campaign.
The democrat Senator Warren he usually criticized corporations, banks and even virtual currencies. He also posted a video in which he attacks Wall Street saying he has instructed politicians to take care of their interests.
In a recent video uploaded by warren, commented:
"The American middle class is under attack, how did we get here? Billionaires and big corporations decided to want more of the cake and enlisted the politicians to cut off a bigger slice."
The democratic campaign is already starting and there are several candidates interested in reaching the Oval Office. Some of these figures are former Vice President Joe Biden and Senator Bernie Sanders. Although they have not announced their participation in the elections, they could do it very soon.
Warren seems to be far from cryptocurrencies and Initial Coin Offerings (ICOs). In the past, he said that Bitcoin and other virtual currencies could be potentially harmful to American families who put their savings into the market. Virtual currencies tend to be very volatile and fluctuate by 20% or more in a few hours.
Furthermore, he said that cryptocurrencies are very easy to steal and that investors have been scammed by Initial Coin Offerings and other digital assets. He said this during an audition by the Senate banking commission.
However, he said that there is a major challenge on how to take advantage of the positive aspects of virtual currencies to protect investors and users.
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