Political division is to be expected as the U.S. Congress takes on crypto, but that might not be a bad thing for regulation.
to circumvent sanctions, even if so individual Russians do.
Warren has continued her war on crypto with letters to the Treasury urging further crackdowns on the industry. According to reports, she recently“However, substituting an unregulated, unverified system in which scammers and cheats and terrorists mix in with ordinary consumers, and no one can tell who’s on the other side of a transaction is not a safe substitute.”
Fortunately, several Democrat lawmakers favor the crypto industry and the innovation it will bring to the U.S. financial system. One such policymaker is New York representative Ritchie Torres who said, “the project of radically decentralizing the internet and finance strikes me as a profoundly progressive cause,” before adding:
“You should never define any technology by its worst uses [...] There’s more to crypto than ransomware, just like there’s more to money than money laundering.”
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