Crypto Community Expresses Skepticism Over Elizabeth Warren’s Crypto Bill

The crypto community is up in arms over the US senator’s attempt to introduce a bill that skeptics say aims to curb cryptocurrency growth and innovation.

With the crypto community on edge after a tumultuous year that saw the insolvency of FTX and trouble at Binance, regulatory winds could well be on the horizon.

US Senator Elizabeth Warren introduced a new bill aimed at regulating cryptocurrencies.

On December 11, Warren introduced what is called the Digital Asset Anti-Money Laundering Bill.

He has already received the support of several senators Raphael Warnock (D-Ga.), Laphonza Butler (D-Calif.), Chris Van Hollen (D-Md.), John Hickenlooper (D-Colo.) and Ben Ray Luján. (DN.M.).

The new bill expands the provisions of the Bank Secrecy Act to include a wide range of counterparties to include not only miners and exchange validators, but also service providers, custodians, and crypto wallet entities.

The crypto community believes that the bill will not benefit the cryptocurrency industry and has reacted strongly against X.

According to Coin Center representative Neeraj K. Agrawal, the digital asset anti-money laundering law directly attacks technological progress and personal privacy. At the same time, he believes the bill should be strongly opposed.

Galaxy Research also believes that Warren’s proposed rules would effectively ban Bitcoin (BTC) in the US. However, in the comments, users noted that the bill would likely not receive passage.

Last week, the US House of Representatives Committee approved another bill aimed at supporting blockchain technology, which authorities have implemented as a way to spearhead a distributed ledger system in the US.

Follow us on Google News

Leave a Reply

Your email address will not be published. Required fields are marked *

Best Exchanges
Buy, trade, and hold 600+ cryptocurrencies on Binance
Buy, trade, and hold 450+ cryptocurrencies on ByBit
Buy, trade, and hold 150+ cryptocurrencies on Kucoin
Buy, trade, and hold 100+ cryptocurrencies on BitFinex 
Buy, trade, and hold 150+ cryptocurrencies on CoinBase

Guru Investing is an independent source of information about investing , not controlled by any broker. All our reviews and guides are created honestly, according to the best knowledge and judgement of the members of our independent expert team; however, they are intended for informative purposes only and should not be construed as, nor relied upon as, legal advice. You should always make sure that you meet all regulatory requirements before making any financial operations . Copyright ©2024 Email for contact [email protected] kashmiri girls sex jayasex desi bhabi xxx xlnindia 1st time sex video たかはししょうこ動画 真正中出し3本番 彩乃なな sex film sexy film xnxx indian teens
ano nga ba ang pangarap hello heart episode 3 reshma hot saree images xvidies com bihar chudai heroine photo hot dasixx ileana d'cruz hot photoshoot hindi movi
www sxe vidoes boops sucking dehati fuck chuk chuk rail gujaratisexvidio probinsyano october 18 2021 full episode ang probinsyano july 14 2022 قصص سكس كرتون سكس بنات تخينة