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Sen. Warren goes after Ethereum network fees in committee hearing

CryptocurrencySep 14, 2021 03:40PM ET
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Sen. Warren goes after Ethereum network fees in committee hearing

Democratic Senator Elizabeth Warren, known by many as an outspoken cryptocurrency skeptic in the United States government, criticized outages at exchanges and high transaction fees during periods of price volatility.

In a Tuesday hearing of the Senate Committee on Banking, Housing, and Urban Affairs with Securities and Exchange Commission chair Gary Gensler, Warren claimed the crypto industry had fallen short on providing solutions for financial inclusion in the United States. She mentioned the price drops among cryptocurrencies, including Bitcoin (BTC) and Ether (ETH) last week, saying “$400 billion in market value disappeared” while many users reported problems accessing major exchanges like Coinbase (NASDAQ:COIN).

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Sen. Warren goes after Ethereum network fees in committee hearing
 

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Comments (2)
Eleanor Conwell
Eleanor Conwell Sep 15, 2021 7:39AM ET
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Sen Warren should stay out of what she doesn’t understand. We all know that cryptocurrencies tend to be more volatile than stocks. Whatever was lost last week, appears to be back this week.
James Hilliard
James Hilliard Sep 14, 2021 5:02PM ET
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Silly witch... Nothing was lost. it was moved.
 
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