Senator Elizabeth Warren persists in her opposition to Bitcoin, citing a report from the Government Accountability Office stating that digital assets like Bitcoin pose risks to implementing and enforcing U.S. sanctions. However, her claims have been challenged by the community and other senators. Senator Cynthia Lummis responded, highlighting that fiat currency has laundered over $900 million, compared to only $900,000 in crypto, emphasizing that criminals and bad actors are the problem, not crypto itself.
JUST IN: 🇺🇸 US Senator Cynthia Lummis responds to Elizabeth Warren, saying fiat currency has laundered over $900 million, compared to only $900,000 in crypto. "Crypto is clearly not the problem. Criminals and bad actors are." https://t.co/BGy0S7LrWc
$900 million in non-crypto (fiat currency) money laundering vs $900,000 in crypto money laundering. Crypto is clearly not the problem. Criminals and bad actors are. It would be a historic mistake to crush an entire emerging industry based on incorrect data. https://t.co/TEFEdvGG0o
Sen. Warren continues to egregiously misrepresent the criminal profile of crypto vs. cash and the traditional banking system: Wachovia laundered *billions* of Mexico drug cartel money. Paid a $160 million penalty (just 2% of bank profits) - No criminal charges filed. HSBC… https://t.co/14nsdPx7zc
#US Senator Elizabeth #Warren Comments Digital Assets Are Used to Evade Economic #Sanctions https://t.co/6w9NGAdoOK
“Last year, the Department of Justice indicted a Sinaloa Cartel member who laundered nearly $900,000 in crypto.” What she doesn't want you to know: In the years prior, the Sinaloa & Norte del Valle cartels laundered nearly $900,000,000 in fiat currency through HSBC. That's a… https://t.co/WPkE8aovq0
“Last year, the Department of Justice indicted a Sinaloa Cartel member who laundered nearly $900,000 in crypto.” What Warren doesn't want you to know: In the years prior, the Sinaloa and Norte del Valle cartels laundered nearly $900,000,000 in fiat currency through HSBC.… https://t.co/KXQU8QmNwt
Elizabeth Warren can't stop getting Community Noted for her erroneous takes on #Bitcoin and cryptocurrencies 👀 😮 https://t.co/GPUggKbHB4
Community Notes fact checks Congresswoman Elizabeth Warren on the use of cryptocurrency in crimes. Follow: @AFpost https://t.co/pWjrKYWknD
JUST IN: 🇺🇸 Senator Elizabeth Warren gets community noted after claiming nations are using crypto to dodge sanctions and undermine national security. https://t.co/sfGBoSJuGs
It is not a surprise to anybody that Senator Warren has never cared about the value of a United States Dollar. But she should care about it now. Because the Dollar – not cryptocurrency – is the currency of choice of terrorists and drug dealers. https://t.co/ARKCCW60D7
JUST IN: 🇺🇸 Senator Warren persists in her opposition to #Bitcoin, citing a new report from the Government Accountability Office stating, "Digital assets like Bitcoin and other virtual currencies pose risks to implementing and enforcing U.S. sanctions."👀😮 https://t.co/Ht5qVrLjSY