Why Elizabeth Warren's Anti-Crypto Army Grows Stronger


18 Sep 2023 7:36 PM

Elizabeth Warren's anti-crypto coalition grows as legislators rally behind stricter crypto regulations, emphasizing transparency....

  • Senator Elizabeth Warren's campaign to address malpractices in the crypto industry has gained bipartisan support.
  • Nine more senators have aligned with Warren's proposed Digital Asset Anti-Money Laundering Act.
  • The coalition includes both moderate and progressive members, indicating a unified concern.
  • The inclusion of key Senate committee chairs highlights the seriousness with which the Senate views the crypto industry.
  • The proposed bill aims to crack down on illicit use of crypto, combat terrorist financing, and bridge the "crypto tax gap."
  • The act has garnered endorsements from reputable organizations, suggesting support within the Senate and financial community.
  • Senator Sherrod Brown has also called for enhanced transparency and regulation in the crypto industry.

The article highlights the growing legislative concern and support for addressing malpractices in the crypto industry. While there is a focus on the illicit use of crypto and the potential tax revenue loss, there is also recognition of the need for regulation and transparency. Overall, the sentiment is cautious but proactive.

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What is Senator Elizabeth Warren's proposed legislation called?How many senators have aligned with Warren's proposed Digital Asset Anti-Money Laundering Act?What are some key concerns driving the legislative apprehension towards the crypto industry?Which organizations have endorsed Warren's proposed act?Who is Senator Sherrod Brown and what actions has he taken regarding crypto regulation?

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