.novogratz implied that SenWarren's comments reflect a lack of understanding of cryptocurrencies
In his tweet, Novogratz sarcastically praised Warren for being"so smart" and suggested that people should ask her about Modern Monetary Theory , which he said is a"brilliant idea."He implies that Warren's comments about Silvergate Bank's activities and the need for regulation are misguided and reflect her lack of understanding of the benefits of cryptocurrencies, especially Bitcoin .
Warren had warned of Silvergate's"risky, if not illegal" activity, and called for regulators to step up against crypto risk. Silvergate's decision to shut down highlights the extent of the impact on the digital asset industry from the collapse of FTX.
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