Some critics dismissed Elizabeth Warren's opinion as 'terribly misinformed' and claim that she is 'tossing out egregious accusations.'
“Silvergate, the first crypto bank, faced a bank run that led to its downfall,” Ahluwalia. “Despite facing allegations around AML, it was not these issues that ultimately caused the demise of [Silvergate Bank]. The responsibility for bank supervision lies with the Executive Branch, but this process was cut short. A senator’s letter, amplified by social media, undermined public trust in Silvergate, ultimately leading to a crisis of confidence.
Upon reviewing Warren’s Twitter thread, there appears to be little to no support for her commentary in the post, despite the fact that the tweet has received 942 likes and was seen more than 724,000 times. Most of the responses to Warren’s tweet for her statements on the matter. As usual, criticism of the politician’s actions likened them to politicians breaking legs to sell crutches.Warren. “Crypto [and] blockchain solves many issues. Unfortunately, it doesn’t solve posturing, self-serving interests, and fear-mongering by elected officials. Thanks for making it harder for honest, hardworking people.”
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