Key Points:
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.
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.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Harold
Coincu News
In the third quarter of 2024, despite a challenging market environment, Gate.io maintained strong growth…
MEXC is proud to partner with the inaugural Crypto Content Creator Campus CCCC event, taking…
Dtec and DİZAYNVIP partner to merge AI technology with luxury vehicle design, revolutionizing smart mobility…
Bitcoin Spot ETF Outflows hit $541M on November 4, the second-highest single-day outflow in history.…
The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…
UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…
This website uses cookies.