What was it that Elizabeth Warren stated that is generating so much controversy?
Since yesterday at this time the cryptocurrency market has not presented variations regarding the price action, this if we take into account that the Bitcoin remains anchored to the $27,000 zone without major fluctuations.
However, beyond the apparent calm perceived in the price action within the cryptocurrency market, very controversial reactions have been generated due to the statements made by Senator Elizabeth Warren, who indicated that she is seeking to introduce legislation aimed at closing the so-called "loopholes" that exist within the cryptocurrency community.
The truth is that according to information disclosed on the "BeinCrypto" portal, several members of the crypto community have criticized Senator Warren's latest position on how illegal actors are using cryptocurrencies for their activities.
In textual words Warren sent a message via Twitter stating that "Rogue nations, oligarchs and drug lords use cryptocurrencies to launder billions in stolen funds, evade sanctions and fund terrorism."
Senator Warren wants to introduce a bill that will end the illegal use of cryptocurrencies and bring order to the industry. She added that the bill would "close loopholes and apply common sense rules to the industry."
From my perspective Warren's statements are intended to strike a blow to the stability of the cryptocurrency market.
SOURCES CONSULTED
BeinCrypto. Community gets backlash on Twitter over Senator Elizabeth Warren's stance. Link
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Nothing new... they will track every crypto in wallet... by making you do KYC I guess. So, even if you hold crypto in cold wallet, you have to do KYC and the movement of crypto will be tracked.
This is the end of users have any financial privacy in crypto, she's attempting to do that!!