Senator Elizabeth Warren set her sights on the “crypto industry” Tuesday afternoon, lamenting ownership is “more concentrated within the top 1% than dollars.”
“The crypto industry claims that crypto is the path to financial inclusion, but bitcoin ownership is even more concentrated within the top 1% than dollars. We need real solutions to make the financial system work for everyone, not just the wealthy,” posted Warren on Twitter.
The crypto industry claims that crypto is the path to financial inclusion, but bitcoin ownership is even more concentrated within the top 1% than dollars. We need real solutions to make the financial system work for everyone, not just the wealthy.https://t.co/8OiHwZEBUz
— Elizabeth Warren (@SenWarren) December 28, 2021
“It’s good to be the bitcoin 1%. The top bitcoin holders control a greater share of the cryptocurrency than the most affluent American households control in dollars, according to a study by the National Bureau of Economic Research,” writes the Wall Street Journal in a story linked to her post.
“With an estimated 114 million people globally holding the cryptocurrency, according to crypto.com, that means that approximately 0.01% of bitcoin holders control 27% of the 19 million bitcoin in circulation,” adds the newspaper.
A PLAN FOR THAT? Elizabeth Warren Unveils $1 TRILLION Plan to Fight ‘Environmental Racism’
Democratic frontrunner Elizabeth Warren unveiled her latest policy proposal regarding climate change this week; calling for $1.5 trillion in new spending to combat “environmental racism.”
“In 1987, the United Church of Christ’s Commission on Racial Justice commissioned one of the first studies on hazardous waste in communities of color. A few years later – 28 years ago this month – delegates to the First National People of Color Environmental Leadership Summit adopted 17 principles of environmental justice. But in the years since, the federal government has largely failed to live up to the vision these trailblazing leaders outlined, and to its responsibilities to the communities they represent,” writes Warren.
Justice for communities on the front lines of the climate crisis must be at the core of our response to climate change. Here's my plan for how I'll center environmental justice in the fight to end the climate crisis. https://t.co/agB4llfPRg
— Elizabeth Warren (@ewarren) October 9, 2019
“From predominantly black neighborhoods in Detroit to Navajo communities in the southwest to Louisiana’s Cancer Alley, industrial pollution has been concentrated in low-income communities for decades,” she adds. “The Green New Deal will involve deploying trillions of dollars to transform the way we source and use energy. In doing so, the government must prioritize resources to support vulnerable communities and remediate historic injustices.”
Read Warren’s full plan here.
ADD IT TO THE LIST: Warren Says Pandemic Response Must Include ‘Free Child Care, Pre-K, Paid Leave’
Senator Elizabeth Warren doubled-down on her calls to expand America’s massive entitlement system this week; saying any response to the CoVID pandemic should include universal child care, pre-k education, and paid leave.
“Make no mistake: This pandemic has set women back, with lifetime consequences. We need big, structural change to tackle this crisis head on—like universal child care, universal pre-k, and paid leave,” posted Warren on Twitter.
Make no mistake: This pandemic has set women back, with lifetime consequences. We need big, structural change to tackle this crisis head on—like universal child care, universal pre-k, and paid leave.https://t.co/m2MDs3Dz8L
— Elizabeth Warren (@ewarren) February 2, 2021
President Biden has already pledged to spend upwards of $4 trillion in his first days in office on a series of issues including CoVID, immigration, and the environment.