Dogecoin’s founder, Shibetoshi Nakamoto has publicly challenged US Senator Elizabeth Warren for her anti-cryptocurrency stance. Adding weight to Nakamoto’s remarks, Tesla CEO Elon Musk has expressed his agreement.
DOGE Founder Calls Out Senator’s Anti-Crypto Stance
Speaking on Squawk Newsmaker, Warren publicly declared her anti-crypto stance, citing potential threats of the exploitation of digital currencies for nefarious purposes.
“There’s a new threat out there, it’s crypto and it is being used for terrorist financing. It is being used for drug trafficking. North Korea is using it to pay for about half of its nuclear weapons program. We can’t allow that to continue,” Warren stated.
The senator’s statements were posted by Watcher Guru on X. In response to Warren’s remarks, the founder of Dogecoin, Billy Markus, aka Shibetoshi Nakamoto, fired off a series of tweets in opposition to the her claims.
JUST IN:
US Senator Elizabeth Warren says “there’s a new threat out there, it’s crypto” and “we can’t allow that to continue.” pic.twitter.com/FYjZYhH8q2
— Watcher.Guru (@WatcherGuru) December 7, 2023
elizabeth warren loves banks, loves multi-millionaires (as she is filthy rich now), hates the people
younger elizabeth warren would have declared the enemy of the people to be current elizabeth warren https://t.co/eBbQ2z5W16
— Shibetoshi Nakamoto (@BillyM2k) December 7, 2023
Nakamoto accused Warren of being hostile towards the people and having a preference for traditional banking systems.
“Elizabeth Warren loves banks, loves multi-millionaires (as she is filthy rich now), hates the people. Younger Elizabeth Warren would have declared the enemy of the people to be current Warren,” Nakamoto stated.
He also added that Warren was “the biggest threat to the middle class, democracy, and human intelligence.”
Responding to Nakamoto’s declarations, Tesla CEO and X owner Elon Musk expressed his support for the Dogecoin founder’s sentiment, tweeting “True” underneath Nakamoto’s posts.
Community Fires Off On Senator’s Crypto Terror Funding Remarks
The crypto community has actively rallied against the recent statements made by Senator Elizabeth Warren linking cryptocurrencies to potential terrorism financing.
An X community member argued that fiat currencies like USD were predominantly used for terror financing rather than cryptocurrencies. He concluded in his statements that the senator was actively attempting to curb freedom by criticizing cryptocurrencies.
“Go into any prison worldwide and ask Drug Dealers/Violators what they used for transactions. 99.99% of them will tell you Fiat currency, such as $USD. Elizabeth Warren is a threat to freedom and democracy,” the X community member stated.
Go into any prison worldwide and ask Drug Dealers / Violators what they used to for transactions.
99.99% of them will tell you Fiat currency. Such as $USD
Elizabeth Warren is a threat to freedom and democracy
— Kevin Svenson (@KevinSvenson_) December 7, 2023
Another community member has argued that the senator’s statements could be a deliberate attempt to discourage crypto investors just as the cryptocurrency market appears to be poised for a major bullish rally.
The timing of these statements over the past couple days has been uncanny. The overall #crypto market hasn’t looked this bullish on the HTF in several years, and now they’re doing everything they can to scare retail away from it. We’re on the verge of a major run soon.
— Pointman
“The timing of these statements over the past couple of days has been uncanny. The overall crypto market hasn’t looked this bullish on the HTF in several years, and now they’re doing everything they can to scare retail away from it. We’re on the verge of a major run soon,” the X member said.
Featured image from Shutterstock
