"I think it’s time for us to move in that direction," the Democratic senator from Massachusetts tells Chuck Todd in an interview to be aired Thursday night U.S. time on Meet the Press Reports.
U.S. Sen. Elizabeth Warren (D-Mass) says it's time for the U.S. to create its own central bank digital currency. Warren spoke with Chuck Todd on his show Meet the Press Reports, scheduled to air at 10:30 p.m. ET on Thursday. NBCUniversal shared a partial transcript of the conversation with CoinDesk.
-
"So a lot that banks do wrong, if you think, 'We could improve that in a digital world,' the answer is, Sure you could. But in that case, let’s do a central bank digital currency," Warren told Todd. "Yes, I think it’s time for us to move in that direction."
-
Responding to Todd's question on whether Bitcoin will face at minimum being regulated like a commodity, Warren responded, "I think it's going to end up getting regulated," using the subprime mortgage financial crisis that started in 2007 as of an example why it's needed. She didn't say what form regulations might take.
-
Warren in March announced a new bill to block cryptocurrency companies from conducting business with sanctioned companies. The Digital Assets Sanctions Compliance Enhancement Act, introduced with Sens. Jack Reed (D-R.I.), Mark Warner (D-Va.), Jon Tester (D-Mont.) and others, would allow the U.S. president to add non-U.S.-based crypto companies to sanctions list if they support sanctions evasion.
-
On whether the senator saw cryptocurrency as "this decade's real estate bubble," Warren replied, “The whole digital world has worked very much like a bubble works. What is it moved up on? It's moved up on the fact that people all tell each other that it's going to be great, just again like it was on that real estate market. How many times did people say, 'Real Estate always goes up. It never goes down?' They said it decades ago before the last real estate bubble. They said it in the 2000s, before the crash in 2008."
All writers’ opinions are their own and do not constitute financial advice in any way whatsoever. Nothing published by CoinDesk constitutes an investment recommendation, nor should any data or Content published by CoinDesk be relied upon for any investment activities. CoinDesk strongly recommends that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions.
Recommended Content
Editors’ Picks

Solana, Sui Price Forecast: Bulls aim for steady recovery ahead of large token unlocks
Solana (SOL) and Sui (SUI) altcoins are edging higher on Monday, building on the weekend gains that followed the sell-off on Friday, which was triggered by geopolitical tensions in the Middle East.

Crypto Today: Bitcoin, Ethereum, XRP rebound along with surge in open interest, trading volumes
Cryptocurrencies are broadly recovering on Monday, extending gains from the weekend, which followed instability and heightened volatility on Friday as geopolitical tensions exploded in the Middle East.

Meme Coins Price Prediction: DOGE, SHIB, and PEPE rise as broader crypto market recovers
Dogecoin holds at critical support, ticking up after five consecutive days of losses. Shiba Inu begins the week regaining strength and targeting a key resistance trendline. Pepe’s trend reversal gains momentum in the 4-hour chart.

Bitcoin recovers above $107,000, yet Israel-Iran conflict clouds bullish outlook
Bitcoin increases to around $107,000 on Monday after a slight decline in the previous week. Investors remain on edge as the Israel-Iran conflict enters its fourth day after fresh strikes over the weekend.

Bitcoin: BTC could slump to $100K amid Trump-Musk tussle
Bitcoin (BTC) tumbled to a low of $101,095 on Friday amid volatility in the market. The effect of the tussle between United States (US) President Donald Trump and Tesla Chief Elon Musk negatively influenced the NASDAQ and Tesla's stock price on Thursday, although both are recovering on Friday.