An Elon Musk Stablecoin? Democrats Warn of a Big Tech Crypto Takeover
Senator Elizabeth Warren, a well-known skeptic of cryptocurrency, has issued a warning about the potential consequences of a pending stablecoin bill. Concerns are mounting among Democrats that the legislation could facilitate a ‘privatization of the dollar,’ potentially enabling a crypto takeover by large technology companies.
MarketWatch’s Distributed Ledger, which is published its final edition on March 26, has previously covered the intersection of public policy and cryptocurrency markets. According to the author Chris Matthews, coverage of crypto can be found on Marketwatch.com.
Chris Matthews, a Washington D.C. correspondent for MarketWatch, is the author of this article.
