Senator Elizabeth Warren feels that digital currencies have solutions to the challenges in the traditional financial sector that could help the unbanked.
BTCUSD is up + 1.04%, ETHUSD is down -0.39%
The Democrat senator was initially skeptical about the crypto but has since changed her stance.
Warren sees digital currency as a way to avail banking services to the unbanked.
The senator’s comments come as she cautioned that the currency might still pose some risks in the financial industry.
Senator Warren recently referred to crypto players and fanatics as a ‘shadowy, faceless group of super coders and miners.’