Democrats attack the cryptocurrency sector, calling it “bullshit,” as hearings approach
Join Our Telegram channel to stay up to date on breaking news coverage A rift in the Democratic Party seems to have developed as Congress finally considers whether and how to seriously regulate the crypto business. Some of its legislators are thinking about how to use blockchain technology as a force for innovation while reining in some of its early excesses. There is a group that emerged that thinks crypto currency is useless and overhyped. Sen. Jon Tester, a Democrat from Montana said, “It’s all bullshit”. He claimed that he was cautious of the sector even before the recent failure of the cryptocurrency exchange FTX and that recent encounters with proponents had not given him any more faith in the sector’s underlying worth. “In my opinion, it fails the smell test. What supports it is beyond me. Sen. Elizabeth Warren, a Democrat from Massachusetts, said in an interview on Wednesday that “finally, more people are blowing the bullshit whist...