Sen. Warren Criticizes Ethereum Network’s High Transaction Fees

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

BeInCrypto –

In a recent Senate Committee hearing, Democratic Senator Elizabeth Warren stated her concerns over high fees on the Ethereum network.

Senator Warren has a reputation as an outspoken critic of cryptocurrency. Now she turns her attention to the high prices of Ethereum network transactions. The comments came during a committee hearing on Tuesday. The meeting discussed housing, banking, and urban affairs with Securities and Exchange Commission chair Gary Gensler.

During the hearing, Warren said “high, unpredictable fees can make crypto trading really dangerous for people who aren’t rich.” Warren specifically highlighted large fees during times of high market volatility. “$400 billion in market value just disappeared,” she in reference to recent price drops among Bitcoin and Ethereum.

This story was seen first on BeInCrypto Join our Telegram Group and get trading signals, a free trading course and more stories like this on BeInCrypto

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting