In a recent event, U.S. Senator Elizabeth Warren stated that cryptocurrency poses a major threat to America’s financial system. She emphasized the need for stricter regulations to protect consumers from the volatility and risks associated with digital currencies. The Senator’s concerns revolve around the lack of consumer protection in the crypto market, which can lead to significant financial losses for individuals. Furthermore, she also pointed out the potential for cryptocurrencies to be used in illegal activities. Despite these concerns, the crypto market continues to grow, highlighting the need for government intervention and regulatory measures.