Senator Elizabeth Warren says “it’s time” for a centrally controlled digital currency

In an interview with NBC’s Chuck Todd, Sen. Elizabeth Warren said it is time for a US CBDC (central bank digital currency).

“So a lot that banks do wrong, if you think, ‘We could improve that in a digital world,’ the answer is, ‘Sure you could.’ But in that case, let’s do a central bank digital currency,” Warren told Todd. “Yes, I think it’s time for us to move in that direction.”

Warren also hinted that digital assets could face regulation. She used the financial crisis of 2007-2008 as a reason why there is need for regulation of the crypto market.