{"id":7653,"date":"2025-01-14T18:20:20","date_gmt":"2025-01-14T18:20:20","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=7653"},"modified":"2025-01-14T18:20:20","modified_gmt":"2025-01-14T18:20:20","slug":"elizabeth-warrens-war-on-crypto-continues-with-suggestions-for-new-treasury-secretary","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=7653","title":{"rendered":"Elizabeth Warren\u2019s War on Crypto Continues With Suggestions for New Treasury Secretary"},"content":{"rendered":"<div>\n<p>On Jan. 12, ranking member of the Senate Committee on Banking, Housing, and Urban Affairs, Elizabeth Warren, penned a 31-page letter to Treasury Secretary-designate Scott Bessent suggesting harsh measures for crypto regulation.<\/p>\n<p>The <a href=\"https:\/\/www.warren.senate.gov\/imo\/media\/doc\/final_-_letter_to_scott_bessent_ahead_of_finance_nomination_hearing2.pdf\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">letter<\/a> was shared by the vice president of government affairs at Paradigm, Alexander Grieve, who pointed out that she was instantly on the offensive, saying that Bessent has \u201cno government experience.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">1\/ Senator Warren just sent a lengthy letter to Treasury Secretary-designate Scott Bessent.<\/p>\n<p>Aside from some eyeroller lines (\u201cAlthough you have had a lengthy career in the financial sector as a hedge fund manager and have been a major campaign fundraiser, you have no government\u2026 <a href=\"https:\/\/t.co\/sbeI3Zuc0M\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/sbeI3Zuc0M<\/a><\/p>\n<p>\u2014 Alexander Grieve (@AlexanderGrieve) <a href=\"https:\/\/twitter.com\/AlexanderGrieve\/status\/1878848900330889651?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">January 13, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Crypto Warpath Continues<\/h2>\n<p>In the section on anti-money laundering, Warren, who <a href=\"https:\/\/cryptopotato.com\/us-presidential-elections-2024-results-crypto-critic-elizabeth-warrens-wins-against-john-deaton\/\" data-wpel-link=\"internal\">defeated John Deaton<\/a> in the November election, referenced the list of crypto crackdown requests she sent to Congress in late 2023, he noted. She also reiterated the well-worn arguments that crypto is for criminals:<\/p>\n<blockquote>\n<p>\u201cBad actors are also increasingly turning to cryptocurrency to enable money laundering, sanctions evasion, and to finance major national security threats,\u201d<\/p>\n<\/blockquote>\n<p>She also asked Bessen, who has <a href=\"https:\/\/cryptopotato.com\/treasury-secretary-nominee-discloses-up-to-500k-stake-in-bitcoin-etfs\/\" data-wpel-link=\"internal\">disclosed ownership<\/a> of spot Bitcoin ETF holdings worth as much as $500,000, several questions regarding the application of tougher AML regulations, especially for digital assets.<\/p>\n<p>\u201cShould the [Treasury] agency have a secondary sanctions tool that would allow it to sever fintech and crypto operators from US relationships?\u201d she asked.<\/p>\n<p>She also asked whether the Office of Foreign Assets Control (OFAC) should have jurisdiction over dollar-denominated stablecoins.<\/p>\n<p>Warren said that the Treasury, under the Biden Administration, \u201crecognized the growing threat of crypto.\u201d In November 2023, it outlined five legislative proposals that would help the agency \u201ccombat illicit finance related to digital assets.\u201d<\/p>\n<p>These included amending the Bank Secrecy Act to include a new crypto-related category of \u201cfinancial institution\u201d that would include crypto exchanges, unhosted wallets, decentralized finance (DeFi), and blockchain validators.<\/p>\n<p>Senator Warren has continued her push to lump digital assets and decentralized protocols in the same category as traditional finance and banking. Not all are in agreement with the <a href=\"https:\/\/cryptopotato.com\/bad-news-for-crypto-elizabeth-warren-to-succeed-sherrod-brown-on-house-banking-committee\/\" data-wpel-link=\"internal\">banking Senator<\/a>, however.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Elizabeth Warren is one of the worst politicians in American history. She is anti-American, a dishonest liar, and a proven scammer. Please like and retweet if you think Trump should instruct the DOJ to prosecute her for her crimes.<\/p>\n<p>\u2014 Mike Alfred (@mikealfred) <a href=\"https:\/\/twitter.com\/mikealfred\/status\/1878524186186088791?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">January 12, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Scamming Scandal?<\/h2>\n<p>Elizabeth Warren has also been accused this week of attempting to use the California wildfire disaster for political gain.<\/p>\n<p>On Jan. 11, she <a href=\"https:\/\/x.com\/ewarren\/status\/1878116054523584605\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">posted<\/a> a call to action for supporting the Los Angeles Fire Department Foundation. However, it was revealed that the link provided was not for the charity or foundation but for a Democrat fundraising platform called ActBlue that reportedly takes commissions from donations.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">BREAKING: Elizabeth Warren has been caught trying to scam her supporters. <a href=\"https:\/\/t.co\/nBHgPekrwB\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/nBHgPekrwB<\/a><\/p>\n<p>\u2014 aka (@akafacehots) <a href=\"https:\/\/twitter.com\/akafacehots\/status\/1878230461119336670?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">January 12, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/elizabeth-warrens-war-on-crypto-continues-with-suggestions-for-new-treasury-secretary\/\" rel=\"nofollow\">Elizabeth Warren\u2019s War on Crypto Continues With Suggestions for New Treasury Secretary<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>On Jan. 12, ranking member of the Senate Committee on Banking, Housing, and Urban Affairs, Elizabeth Warren, penned a 31-page letter to Treasury Secretary-designate Scott Bessent suggesting harsh measures for crypto regulation. The letter was shared by the vice president of government affairs at Paradigm, Alexander Grieve, who pointed out that she was instantly on [&hellip;]<\/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-7653","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\/7653","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=7653"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7653\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}