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The Empire Strikes Back: Inflation Hits 5% While Elizabeth Warren Goes After Bitcoin

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China shuts down mining and starts censoring crypto exchange terms while U.S. senators and CFTC commissioners attack crypto.

This episode is sponsored by Nexo.io.

In a week so filled with the optimism coming out of El Salvador, of course there had to be another side of the story.

On today’s episode, NLW looks at three examples of the existing power structure fighting back against the rise of crypto:

  • China shutting down mining in two provinces and apparent censorship of exchange-related terms on Baidu and Weibo
  • A CFTC commissioner’s extremely negative comments on decentralized finance
  • Sen. Elizabeth Warren’s full-throated assault on bitcoin from yesterday’s Senate Banking Committee hearing

Is bitcoin devolving to just another partisan issue?

Image credit: Tom Williams-Pool/Getty Images/Getty Images News

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 6/10/2021

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