Senator Elizabeth Warren and Ripple International Policy’s counsel, Susan Friedman, recently engaged in a discussion regarding the U.S. government’s handling of the crypto industry.
Senator Warren criticized the government’s prioritization of billion-dollar crypto firms over struggling student loan borrowers. Friedman, however, argued that the government’s actions were not solely focused on the crypto industry and were aimed at protecting depositors more broadly.
She emphasized that the decision affected a diverse group of businesses and individuals, of which the crypto sector was just one part.
Senator Warren expressed concerns about the perceived inequity in the government’s handling of different financial sectors, particularly in the context of the ongoing student loan crisis, and suggested that this may cause skepticism among the American people.
Susan Friedman, who serves as the counsel at Ripple International Policy, countered Senator Warren’s assessment of the government’s actions. According to Friedman, the government’s aim was not to rescue the crypto industry but rather to safeguard depositors. She further emphasized that the decision was not limited to the crypto sector but had an impact on a wide range of businesses and individuals, with the crypto industry being only one component of the larger scenario.