{"id":7577,"date":"2025-01-14T12:49:31","date_gmt":"2025-01-14T12:49:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=7577"},"modified":"2025-01-14T12:49:31","modified_gmt":"2025-01-14T12:49:31","slug":"elizabeth-warren-urges-trumps-treasury-nominee-to-tighten-crypto-rules","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=7577","title":{"rendered":"Elizabeth Warren Urges Trump\u2019s Treasury Nominee to Tighten Crypto Rules"},"content":{"rendered":"
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Trump Bitcoin policy is fuelling anxiety in the Democrats, and Elizabeth Warren crypto comments are now urging tightening of US crypto rules.<\/p>\n

Elizabeth Warren is a warm glass of milk at best.<\/p>\n

Yet it hasn\u2019t stopped the Massachusetts Senator from striking back with a fresh demand for more onerous crypto regulations. Now, she aims her arguments at Scott Bessent, Trump\u2019s pick for Treasury Secretary.<\/p>\n

She called for stricter oversight in a January 12 letter, citing fears over money laundering<\/a> and national security. The move sharpens the divide between crypto enthusiasts and wary policymakers.<\/p>\n

Elizabeth Warren: Addressing Crypto Money Laundering<\/h2>\n

For Warren, the dark allure of crypto<\/a> lies in its potential to clean illicit gains, power ransomware rings, and allegedly funnel support to North Korea\u2019s nukes. The dark triad of crypto scams.<\/p>\n

\n

\u201cBad actors are also increasingly turning to cryptocurrency to enable money laundering, sanctions evasion, and to finance major national security threats,\u201d Warren stated in the letter.<\/p>\n<\/blockquote>\n

She further asked whether Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT) frameworks should include risk-based provisions specifically targeting digital assets.<\/p>\n

\"Politics,
(Elizabeth Warren<\/a>)<\/figcaption><\/figure>\n

The point isn\u2019t baseless\u2014crypto\u2019s pseudonymous nature has long made it a playground for shady dealings. Still, its surge in mainstream use raises a critical debate about striking the right regulatory balance.<\/p>\n

Warren also proposed expanding the Bank Secrecy Act of 1970<\/a> to pull in foreign firms linked to U.S. markets. The goal would be to close financial loopholes, which she says bad actors have used to dodge oversight.<\/p>\n

\u201cShould AML\/CFT and sanctions programs include risk-based provisions reasonably designed to prevent money laundering or terrorist financing involving digital assets?\u201d she asked Bessent, urging him to prepare answers before his confirmation hearing on January 16.<\/p>\n

Balancing Crypto Innovation vs US Regulation<\/h2>\n

Crypto critics say Warren\u2019s crackdown risks choking innovation and sending crypto firms packing.<\/p>\n

Alexander Grieve, Paradigm\u2019s VP of government affairs, calls her open letter a smokescreen for stricter AML rules aimed at neutral tech providers, branding it a \u201ccasus belli\u201d for more regulation.<\/p>\n

\"\"
(X<\/a>)<\/figcaption><\/figure>\n

Yet, given the national security stakes, bipartisan interest may emerge. Her Digital Asset Anti-Money Laundering Act\u2014despised by much of the crypto world\u2014stands as a precedent.<\/p>\n

Is the Industry at a Turning Point?<\/h2>\n

The timing of Elizabeth Warren\u2019s letter is no accident. Trump\u2019s administration stands ready to roll out crypto-friendly policies<\/a>, bolstered by a Congress packed with blockchain supporters.<\/p>\n

This clash of forces pits regulation against innovation in a high-stakes standoff that could define the industry for years. Whether Warren\u2019s agenda finds footing or fizzles out, her proposals intensify an impossible-to-ignore debate.<\/p>\n

EXPLORE:\u00a0Turkey To Review Crypto Licensing And Registration Draft Law<\/a><\/strong><\/p>\n

Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/b><\/a><\/p>\n

The post Elizabeth Warren Urges Trump\u2019s Treasury Nominee to Tighten Crypto Rules<\/a> appeared first on 99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Trump Bitcoin policy is fuelling anxiety in the Democrats, and Elizabeth Warren crypto comments are now urging tightening of US crypto rules. Elizabeth Warren is a warm glass of milk at best. Yet it hasn\u2019t stopped the Massachusetts Senator from striking back with a fresh demand for more onerous crypto regulations. Now, she aims her […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-7577","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7577"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7577\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}