Elizabeth Warren Praises Yellen’s Skepticism of Bitcoin: I Don’t Think Janet Left ‘Room for Ambiguity’ When She Said It’s ‘Going to End Badly’

Sen. Elizabeth Warren (D-MA) praised Treasury Secretary Janet Yellen for warning investors against getting involved digital currencies, emphasizing that they were “speculative” and “going to end badly.”

“It will have an implication on your tax proposal … perhaps, given the volatility of it,” CNBC host Andrew Ross Sorkin said in an interview with the Massachusetts senator. “There are people like Janet Yellen who are warning this is both speculative in nature and potentially going to end badly. Do you have a view?”

“I think Janet is a very smart woman,” Warren replied, without answering the question.

“That’s all you’re going to say about Bitcoin?” Sorkin said.

“Well, speculative in nature and going to end badly,” Warren reiterated. “I don’t think Janet left a lot
Read more…

Please follow and like us: