Elizabeth Warren revealed publicly that her 19 year old Nephew, Phil, is her top crypto advisor. She brought him onto her team after he stopped telling her to buy Dogecoin at family gatherings and said that crypto was a scam and backed by nothing. His feelings on crypto seemed to change after he lost $250 trading Dogecoin on Robinhood.
"I really thought that Dogecoin was going to the moon, but it went down after Elon Musk went on SNL. That's when I realized it was all a scam and it was backed by nothing." Elizabeth Warren explained why she brought her nephew onto to her team to advise her during a CNN interview. She said, "I have seen first hand the devastation that crypto has caused to young people. It is backed by nothing, and is only used by criminals. The whole point of it is speculative and it's hurting people. Phil was a great student who was working part time as a lifeguard while studying Native American Studies at a well respected university... That was until he found crypto and thought he was going to be a millionaire. I need someone who is young and in touch with young people and can understand this blockchain stuff."
Warren has been criticized by the Bitcoin community for choosing someone who is so inexperienced. Senator Ted Cruz took this as a chance to insist that Bitcoiners send him more money to protect themselves from someone so "Unhinged."