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Cryptocurrency Is Easy To Steal

11 Oct Cryptocurrency Is Easy To Steal

Posted at 16:23h in Cryptocurrency News by

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Elizabeth Warren warned today families are being victimized by cypto scammers and virtual currency is easy to steal. (AP Photo/Charles Krupa)

Potential 2020 Democratic presidential contender Elizabeth Warren took two major swipes at cryptocurrency today.

Crypto is easy to steal and a lot of small investors are being scammed through initial coin offerings, Warren warned in a Senate Banking Committee hearing.

“The challenge is how to nurture productive aspects of crypto with protecting consumers,” the Massachusetts Democratic Senator asserted.

Wariness over crypto also came from Ohio Senator Sherrod Brown who would take over the Banking Committee as chair if Democrats regain control over the Senate in next month’s elections.

Brown expressed concern about families investing their savings in crypto and ICOs.

The Senator said he wants to see crypto and blockchain bring financial services to the unbanked and other benefits to consumers but so far, the…

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