Senator Elizabeth Warren, in an interview on Meet The Press Reports, talks about Cryptocurrency on live TV and what she said wasn't nice.

Before we get into what she said, let's do a little background check on her to know who we’re dealing with here. I'm sure you're curious too.

Who is Sen. Elizabeth Warren?

Elizabeth Ann Warren; born June 22, 1949, is an American politician and former law professor who is the senior U.S. Senator from Massachusetts, serving since 2013. A member of the Democratic Party, Warren was a candidate in the 2020 Democratic Party presidential primaries, ultimately finishing third.

Warren's first sound entrance into public policy began in 1995 when she worked to oppose what eventually became a 2005 act restricting bankruptcy access for individuals During the late 2000s. According to the Chapter 7 Bankruptcy Act, your debts would most likely be forgiven and discharged and Chapter 13 States your debts would only be forgiven when you pay some portions of what you owe. ( I'll give a detailed exposé on the banks and how debts are created in my series ‘Money As An Agenda vol.2’, if you have no idea of what I'm saying, you should go to my profile and check out my previous posts to keep your head above waters.)

So there was a move to amend the Bankruptcy Act that would allow individuals to file for bankruptcy under Chapter 13 instead of going through Chapter 7 because apparently, abuse was inevitable and her stance was that no, it should be kept the way it is. If you ask me, her fight for the banks has been evident since 1995, and you know what Bitcoin stands against? The Banks. Well, her national profile grew after her forceful public stances in favor of more stringent banking regulations after the financial- crisis of 2007-2008.

Now that we know her ties to the Banks have been somewhat a thing of love perhaps? You should understand this lady is a politician as well as a political professor for years in different Universities with honors and awards. Maybe I'm not making this clear enough for you to get it, but there's a little illustration;

Taxis didn't like Uber

Hotels didn't like Airbnb

Stores didn't like Amazon

Theaters didn't like Netflix

The post office didn't like emails

Banks Don’t Like Bitcoin.

Do you get it now? One thing is prevalent in this little example I just gave you, the taxis couldn't stop the Ubers from taking over, the same way the theaters couldn't stop Netflix from existing and becoming even bigger, the post office couldn't stop emails from totally eradicating them off over how many years, that's exactly what they fear will happen to the Banks after a couple of decades. I mean we all know how some banks already failed in the last bear market and I assure you, more will follow with time. If you still don't understand what Bitcoin stands for perhaps you should follow me to stay up to date when we finally get to the topic ‘Bitcoin and the Internet’ under our Money as an Agenda series. Back to our focus for today, Sen.Warren Elizabeth. Now let's talk about the interview and what she said.

Sitting on an interview session on live TV, NBC News on the show Meet the Press Reports, Warren when asked about her view on cryptocurrency, if someone buys Bitcoin, what does it imply? Simply put, what does Bitcoin represent? She simply replied, “You’re buying Air”. I mean, you weren't expecting her to say freedom right? As expected she said it was nothing. You could look at the reasons for buying something, if I buy a winter jacket, that's probably because I know it's use-case, how much value that would bring to me in a winter season, someone who isn't in an environment that experiences high cold would probably not see the value in what I'm buying, but someone who lives in that same environment but says I'm buying something that isn't anything and will definitely be exposed to cold when it's winter time, am I right? But what if you're one of the people that controls the cold? Good. Now you're getting it, imagine you’re one of those controlling the weather, you can easily take winter away from where you are but allow others to experience it? I'll leave you to that. Let's talk about the breaking news for today.

Now there was a U.S Senate hearing on Wednesday the 6th of December,2023 (basically a hearing is a meeting or session of a Senate, House, joint, or special committee of Congress, usually open to the public, to obtain information and opinions on proposed legislation, conduct an investigation, or evaluate/oversee the activities of a government department or the implementation of a Federal law ) and Warren asked JP Morgans CEO Jamie Dimon a question, she said and I quote;

‘Mr. Dimon, you've been CEO of JP Morgan for almost two decades, can you explain why crypto is such an attractive financial tool for terrorists, drug traffickers, and rogue nations? ‘

And you'll be shocked at Jamie Dimon’s response! He said and I quote;

“ I’ve always been deeply opposed to crypto, Bitcoin, etc… You pointed out the only true use case for it is criminals, drug traffickers, anti-money laundering, and tax avoidance, and that is a use case because it is somewhat anonymous, not fully, and because you can move money instantaneously because as you mentioned it doesn't go through all these systems that are built up over many years, know your customer (KYC), sanctions OFAC, they can get bypass all of that. If I was the government, I'd close it down. “

This is the funniest comment on Bitcoin I've heard all year. Do you know why this is so? Because this same Man, his company buys Bitcoin, as a matter of fact, they recently increased the number of staff they have working in the Bitcoin department by a 2x. So they own Bitcoin. As a matter of fact, they built their own space Blockchain and launched it a couple of months ago. You see why these guys are saying something else and actually doing something else. This is all part of marketing for Bitcoin if they're not yet aware, I should remind them maybe. Perhaps I should talk more about the JP Morgan Chase Bank? Or their blockchain? Tell me your thoughts in the comment box. While you're about that, let's quickly look at the Bill the Senator passed recently, or that'll be for the breaking news segment of our newsletter.

As always, I'm your favorite crypto journalist, Clever Abaribote.

Sources:

Background on Warren Elizabeth

https://en.wikipedia.org/wiki/Elizabeth_Warren

Bankruptcy Abuse Prevention and Consumer Protection Act

https://en.wikipedia.org/wiki/Bankruptcy_Abuse_Prevention_and_Consumer_Protection_Act

CNBC’s Live News on the Meet the Press Reports

https://youtu.be/SUwnjWgQRTQ?si=3Us0d4THgABjWuJy

Senate hearing as reported by Altcoindaily

https://youtu.be/XOYeUkkoMnE?si=DRPATdRq7jliWpAY