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Sonakshi Saxena
Dec 12, 2023
by Sonakshi Saxena

Elizabeth Warren Pushes Stricter Crypto Regulation

Elizabeth pushes stricter

Table of contents

  1. Warren's Global Crypto Impact Sparks Bitcoin Price Speculation
Senator Elizabeth Warren, along with five senators, is supporting the "Digital Asset Anti-Money Laundering Act" to enhance cryptocurrency regulations in combating illicit finance. The bill, criticized by the crypto industry, extends financial oversight to miners, validators, and wallet providers under the Bank Secrecy Act. Senators Warnock, Butler, and Van Hollen, newly added to the Senate Banking Committee, indicate the committee's role in shaping crypto laws. Senators Hickenlooper and Luján joined as co-sponsors.

Van Hollen expressed concerns about crypto's lack of regulation, emphasizing its misuse by criminals. Warren, advocating for the bill, aligns with the Treasury Department's call for more authority against illicit crypto activities. Representative McHenry suggests the House explore anti-money laundering regulations, hinting at collaboration with the Senate.

Warren's Global Crypto Impact Sparks Bitcoin Price Speculation

Warren emphasized the bill's global impact, citing the use of cryptocurrencies by countries like North Korea for illicit activities. Despite market FUD, analysts suggest these discussions could drive Bitcoin above $50,000, especially with the SEC potentially approving the first US Bitcoin ETF on Jan 10th. However, accusations of double standards by Warren and anti-crypto remarks from JPMorgan CEO Jamie Dimon have sparked controversy. Edward Snowden criticized Warren for alleged bank ties after her statements.

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Crypto regulation Elizabeth push stricter
Elizabeth Warren Pushes Stricter Crypto Regulation
Sonakshi Saxena
Sonakshi is into the crypto world ever since she heard about it and is pursuing her interest through Cryptoknowmics. She is a sensational poet, technical writer and content strategist.

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