U.S. Senator Elizabeth Warren expressed concerns on CNBC’s Squawkbox Newsmaker about cryptocurrency being a new global threat, citing its use in criminal activities, including terrorist financing and drug trafficking.
Warren highlighted the misuse of cryptocurrencies in serious crimes, including their role in funding North Korea's nuclear weapons program, emphasising the need for regulatory action.
Her views resonate with those of JPMorgan CEO Jamie Dimon, who expressed a similar stance in a recent Senate hearing, advocating for stronger crypto regulation.
The U.S. government remains divided on the future of cryptocurrency, with some members advocating for its potential while others, like Senator Warren, seek to curb its illicit use.