US Politics CoinQuora Says DeFi and Stablecoins Threat to Consumers

• Politicians have frustrated the world of cryptography.
• DeFi and stablecoins pose a risk to consumers.

The crypto-world continues to develop its blockchain technology to provide use cases to all users around the world. However, there are still communities and people who are not convinced by the progress package that crypto-space brings. In fact, this scenario saddens supporters of the industry and its investors around the world.

Stable currencies pose risks to consumers and our economy. They are promoting one of the most shadowy parts of the crypto world, DeFi, where consumers have the least protection against fraud. Our regulators need to take this restriction seriously before it is too late. pic.twitter.com/hMOT1HIQgn

– Elizabeth Warren (@SenWarren) December 14, 2021

U.S. Sen. Elizabeth Warren explained that cryptocurrencies can harm consumers and the economy in a tweet. “Stablecoins pose a risk to consumers and our economy. They are promoting one of the most shadowy parts of the crypto world, DeFi, where consumers are least protected from fraud. Our regulators need to take it seriously before the reduction is too late,” he said.

The tweet gathered different opinions on Twitter (NYSE 🙂 crypto district. Some agree, some disagree, and some are dumb. In addition, the message has already resonated with more than 400 people and has grown to almost 2,000 over time. These statistics are clear evidence that cryptography is one of the most talked about topics in the world.

On the other hand, the crypto market is high and strong against all the challenges it faces on a daily basis. At the time of writing, the total limit of the crypto market is nearly $ 2.4 trillion, with a 24-hour growth rate of 4%. All this is thanks to DeFi, NFT and other projects that are supporting the world of cryptography.

Continue reading in CoinQuora