Elizabeth Warren’s Bank-Endorsed Ban Crypto Bill an Attack on Tech and Privacy
The post Elizabeth Warren’s Bank-Endorsed Ban Crypto Bill an Attack on Tech and Privacy appeared on BitcoinEthereumNews.com.
A recent move was the introduction of the Digital Asset Anti-Money Laundering Act, another bill aiming to curtail the use of cryptocurrencies in America. On Dec. 11. the bill gained five new Senators as cosponsors, including, unsurprisingly, three members of the Banking Committee. Crypto advocate Evan Van Ness posted a list of Senators he claimed were “paid off by the banks to cosponsor Elizabeth Warren’s anti-crypto bill,” A list of US senators paid off by the banks to cosponsor Elizabeth Warren’s anti-crypto bill * @RaphaelWarnock (D-GA)* @LaphonzaB (D-CA)* @ChrisVanHollen (D-MD)* @Hickenlooper (D-CO)* @benraylujan (D-NM)* @RogerMarshallMD (R-KS)* @JoeManchinWV (D-WV) List continues 👇 — Evan Van Ness 🧉 (@evan_van_ness) December 11, 2023 As if confirming the notion, Warren said, “When it comes to banking policy, I don’t usually agree with the CEOs of multi-billion dollar banks. But enforcing anti-money laundering rules against crypto to protect national security is common sense and critical.” Banning Bitcoin in America Neeraj Agrawal from cryptocurrency policy think tank Coin Center said the bill was a “direct attack on technological progress and also a direct attack on our personal privacy and autonomy.” He added that the bill may be a potential solution to money laundering and terrorism financing but: “The bill is in fact a repudiation of liberal values and a move towards the types of surveillance and control prized by authoritarians like Vladimir Putin, Xi Jinping, and Kim Jong-un.” The Digital Asset Anti-Money Laundering Act is a direct attack on technological progress and also a direct attack on our personal privacy and autonomy. Make no mistake, while proposed as a solution to potential money laundering and terrorist financing, the bill is in fact a… pic.twitter.com/8oID1wECGL — Neeraj K. Agrawal (@NeerajKA) December 11, 2023 The bill aims to tighten America’s money laundering rules by classifying crypto companies, miners,…
Filed under: News - @ December 13, 2023 4:18 am