"[When i Buy Bitcoin] Do I buy air?" Warren said during the interview. "It is a bet on whether this thing, this transient token, becomes more valuable or less valuable."
The concept does not differ so much from the US stock market, said NBC reporter Jo Ling Kent during the broadcast.
lummis, on the other hand, sees that crypto turns into a usable currency in the long run.
"I think it will be a currency one day, but at this point of its existence it is a commodity," said Lummis. "But at some point it will be a means of payment that it is not yet, but it will be very quick."
According to Warren, there is part of the crypto industry that welcomes regulation, but one should not forget that new rules are also accompanied by new responsibilities.
"" You have to do certain things how banks do, how your customers know so that you know that you do not run any drug money laundering, or you do not help tax fraudsters, or you do not help a country like Russia to avoid finance, "said Warren.
The more libertarian wings of crypto technology do not stand up for any regulation.
"There is another part of the crypto world who says: 'No, we like that nobody can say who came up with the system and what he uses the system for," she said. "You would describe it as an escape from the curious eyes of the government, but you could also say it differently: 'Yes, the money launderers, the human dealers, the tax fraudsters and the countries who try to avoid sanctions, open the door.'"
In terms of regulation, there should be a balance, counterattack Lummis, which recently presented a new non -partisan cryptocurrency law with Sen. Kirsten Gillibrand, DN.Y.
"I am very confident that Bitcoin will pass the time of the time," said Lummis. "I am not convinced that all other digital assets that exist have the same qualities of durability and complete decentralization. There will be fraud, which is why I think it is so important for the United States to create a framework of regulation that allows innovations, but still creates traffic rules that the private spares of the individual protect."
Regardless of the legislator's views on the largest digital currency, industry experts insist that the investment class is now too far to be left.
"It is far too late to try to ban Bitcoin," said Cailin Long, CEO of Avanti Group, a bank that is based in Wyoming who is responsible for the introduction of digital assets in the state. "Anyone who says that Bitcoin should be banned in truth that he doesn't understand what Bitcoin is actually."
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The contribution Senator Warren, Lummis Divided on Digital Asset Value, Agree on Regulation is not a financial advice.
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