Senator Warren Criticizes Cryptocurrency Lobbying Efforts

According to PANews, U.S. Senator Elizabeth Warren has expressed criticism towards the lobbying activities of the cryptocurrency industry, drawing parallels to legislative actions preceding the 2008 financial crisis. Senator Warren acknowledged the necessity for cryptocurrency legislation but voiced concerns over the industry's influence on American politics. She cited the 'Genius Act' as an example of the industry 'writing its own legislation.' Warren compared this to the 2000 Commodity Futures Modernization Act, which she suggested may have indirectly contributed to the 2008 financial crisis.