US Senator Says Cryptocurrencies Put Americans’ Hard-Earned Money at Risk
U.S. Senator Sherrod Brown says cryptocurrencies are not real dollars and they “put Americans’ hard-earned money at risk.” Referring to decentralized finance (defi) as “a shady, diffuse network of online funny money,” he said, “if we want a solution to Americans’ legitimate fears about our banking system, shady start-ups are not the answer.” Senator Brown’s Warning About Cryptocurrencies U.S. Senator Sherrod Brown, Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, raised concerns about cryptocurrency in his....
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A U.S. senator has launched an investigation into the rise of ransomware attacks as well as how cryptocurrencies facilitate cybercrimes. “The investigation will also look into current oversight efforts and regulations related to virtual currencies,” the senator explained. Investigation Into Crypto’s Use in Cybercrimes U.S. Senator Gary Peters announced last week a bipartisan “investigation into [the] rise of ransomware attacks and how cryptocurrencies facilitate cybercrimes.” Peters is the chairman of the Homeland Security and Governmental Affairs Committee.....
U.S. Senator Elizabeth Warren is worried that “cryptocurrencies risk undermining sanctions against Russia.” She urges financial regulators “to take this threat seriously and increase their scrutiny of digital assets.”
Senator Elizabeth Warren Worried Russia Could Use Cryptocurrency to Evade Sanctions
As governments worldwide are placing sanctions on Russia following its invasion of Ukraine, U.S. Senator Elizabeth Warren is worried that cryptocurrency could give Russia a way to evade sanctions. The senator from Massachusetts tweeted Monday:
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Senator Elizabeth Warren, known for her skepticism towards digital assets, along with six fellow lawmakers, has sent a letter to SEC Chair Paul Atkins, raising concerns about President Trump’s proposal to allow 401(k) plans to invest in crypto, warning that this could jeopardize the retirement savings of American workers. Concerns Raised Over Crypto In Retirement […]
The same man that was seemingly outspoken against Bitcoin back in 2009 is perhaps chaning his mind on just how useful Bitcoin is. His statement in 2011: It's an online form of money laundering used to disguise the source of money, and to disguise who's both selling and buying the drug. Now, the Senator has seemingly changed his stance, posting today on Twitter that "Bitcoin has significant potential." Is the senator looking for Bitcoin donations, now that the FEC says it's permitted?
US Senator Elizabeth Warren sees several issues with bitcoin and other cryptocurrencies. She said that “we need a good strong regulatory agency that can continue to update,” claiming that cryptocurrencies invite “investors to come in without the ordinary protections of the transparency and disclosures and auditing.” Elizabeth Warren Bashes Bitcoin and Other Cryptocurrencies Elizabeth Warren, the U.S. senator from Massachusetts, was asked about cryptocurrency, bitcoin, and how they should be regulated in an interview with Influencers’ Andy Serwer on Yahoo....