Senator Elizabeth Warren has renewed her criticism of illicit finance in the cryptocurrency space and is pushing for new legislation aimed at strengthening anti-money laundering rules. Critics, including Rep. Bob Good, argue that her regulatory approach could damage the crypto industry, likening it to the impact of the unaccountable Consumer Financial Protection Bureau (CFPB) on community banks. The proposed bill is said to potentially make blockchain protocols functionally inoperable in the U.S., affecting legitimate actors along with scammers. Detractors accuse Warren of being part of global authoritarian power regimes and claim that her actions are contrary to human dignity and freedom.
Warren is either corrupt or lacks thoughtfulness. Sadly, she’s in the majority of current global authoritarian power regimes. She’s also clearly on the wrong side of history and her work is antithetical to our DNA. Her time is ending. Human dignity and freedom will prevail. https://t.co/mnd69rvwtj
Elizabeth Warren, trying to make global technology inoperable in the US by lying to the public with the nonsense notion that exchanges aren't heavily regulated where fiat currency meets cryptocurrency. https://t.co/CKTLj6sVI1
“This bill would plug the holes in our anti-money laundering rules…to shut down the scammers.” Warren’s bill would make any blockchain protocol functionally inoperable in the US. So yes, it would shut down scammers—in addition to the millions of legitimate actors in the space. https://t.co/gy9Tfv1De6
ICYMI: Elizabeth Warren renews criticism of illicit finance in crypto amid push for new legislation https://t.co/oQcEdmMB5K
Sen. Warren wants to use the same heavy handed regulatory approach to damage Crypto like our community banks have suffered from because she pushed to establish the unaccountable CFPB. https://t.co/RToshFEdYS
Elizabeth Warren renews criticism of illicit finance in crypto amid push for new legislation https://t.co/3Ffm3oKcIo