#elizabeth warren

Senator Elizabeth Warren, a Democrat with a strong anti-crypto stance, is challenging her Senate race rival — moderate Republican and crypto advocate John Deaton, a key figure in the “SEC vs. Ripple” lawsuit.

John Deaton, a prominent lawyer and cryptocurrency advocate known for defending Ripple in court, is contemplating a run as a Republican candidate in the Massachusetts Senate race. This was confirmed by political strategist Jim Conroy, who recently discussed the upcoming elections with Deaton.

Senator Elizabeth Warren and over 100 U.S. lawmakers have penned a letter to the Biden administration, underlining the concerns about the potential use of cryptocurrencies in terrorist financing.

American Senators Elizabeth Warren, Roger Marshall, Joe Manchin, and Lindsey Graham have once again introduced a proposal to tackle money laundering through cryptocurrencies. The Institute of Banking Policy wasted no time and promptly voiced its support for this bipartisan legislation, which seeks to tighten regulations on digital assets to ensure they fully comply with existing financial system rules

U.S. Senator Elizabeth Warren of Massachusetts has once again expressed her concerns about cryptocurrencies, emphasizing the need for their compliance with current traditional financial regulations. She highlighted her proposed anti-money laundering legislation, which could have adverse effects on the crypto sector, awaiting further examination.

Perianne Boring, the founder and CEO of the Chamber of Digital Commerce, declared that Senator Elizabeth Warren's crypto regulation bill is unlikely to pass. She asserts that, as it currently stands, the bill doesn't have a fighting chance at the federal level.

Representing Massachusetts in the U.S. Senate, she's forcefully advocating for immediate steps to plug the gaps in cryptocurrency tax provisions, gaps that are believed to be worth roughly $50 billion. Warren's argument rests on the Infrastructure Investment Act, which is set to take effect on January 1, 2024. Still, disappointingly, no preliminary guidance has been put forth by the Department of Treasury on this concern.