Elizabeth Warren Says Critical That Trump’s ‘Superhighway Of Crypto Corruption’ Be Shut Down
Sen. Elizabeth Warren (D-Mass.) urged Congress to implement stricter regulations on digital assets on Wednesday, citing concerns over President Donald Trump’s “superhighway of crypto corruption.”
What Happened: During a Senate Banking, Housing, and Urban Affairs Committee hearing, Warren cautioned that any cryptocurrency regulation should not have “massive unintended consequences.”
“President Trump has made it impossible to have a conversation about cryptocurrency legislation that doesn’t address his most successful grift yet,” the senior Democrat said.
Warren cited a recent New York Times report that found crypto to be the most significant source of Trump’s wealth.
“If Congress is going to ratify a sweeping crypto regulatory regime, it is critical we shut down the President’s superhighway of crypto corruption,” Warren said.
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