Elizabeth Warren Decides To Suppress Crypto With A New Anti-crypto Army

Key Points:

• Senator Elizabeth Warren is suggesting building an “anti-crypto army” in her new war campaign.
• Warren is known to have a scathing view of the crypto industry.
• She is currently supporting the US authorities in cracking down on crypto companies.

Senator Elizabeth Warren’s re-election campaign will place a strong emphasis on crypto companies.

Senator Warren’s most recent Twitter tweet encouraging people to join the campaign highlighted her intentions and prior accomplishments, such as making over-the-counter hearing aids accessible and cutting the cost of daycare in Massachusetts.

I’m in this fight to put our government on the side of working families. Join our re-election campaign today: https://t.co/KuZwvrwkqT pic.twitter.com/fCUcqE9PZM

— Elizabeth Warren (@ewarren) March 29, 2023

Among the accomplishments mentioned in the article was Senator Warren’s intention to create an “anti-crypto army” in the United States.

Elizabeth Warren, a staunch opponent of cryptocurrencies, said that the present upheaval in the digital asset market would only last until numerous authorities strengthened investor safety. Her dislike for the crypto business isn’t new, and the Massachusetts senator has been working for years to limit the growth of cryptocurrency in the United States.

Her efforts resulted in the introduction of the Digital Asset Anti-Money Laundering Act of 2022 in December 2022. The plan was strongly opposed at the time, both by Republicans and fellow Democrats, with the larger crypto and IT sectors warning about the potentially harmful ramifications. Warren promised in February that she would resubmit the measure this year, which would force all decentralized organizations to follow stringent AML rules.

She also praised the country’s securities regulator and its chairman, Gary Gensler, for their efforts to monitor the cryptocurrency industry and encouraged lawmakers to give the watchdog the resources and authority it needs to keep things functioning. She praised the commission’s enforcement activities against celebrities like Kim Kardashian and cryptocurrency exchanges like Coinbase for possible insider trading.

Warren and another colleague encouraged the Public Company Accounting Oversight Board (PCAOB) last week to take action against “sham audits” of cryptocurrency firms, noting the possible damage to the integrity of the auditing system.

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Harold

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