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Elizabeth Warren is at it again. She is now urging regulators to "Increase Scrutiny on Crypto as It Risks Undermining Sanctions Against Russia".

All Cryptocurrencies

by COINS NEWS 153 Views

I dont get her obsession with crypto. First she starts tweeting about how regulators need to increase scrutiny of crypto

https://news.bitcoin.com/us-senator-urges-regulators-to-increase-scrutiny-on-crypto-as-it-risks-undermining-sanctions-against-russia/

As governments worldwide are placing sanctions on Russia following its invasion of Ukraine, U.S. Senator Elizabeth Warren is worried that cryptocurrency could give Russia a way to evade sanctions. The senator from Massachusetts tweeted Monday:

"Cryptocurrencies risk undermining sanctions against Russia, allowing Putin and his cronies to evade economic pain."

β€œU.S. financial regulators need to take this threat seriously and increase their scrutiny of digital assets,” she added.

Then on wednesday she and three other senators write a letter to Janet Yellen of all people telling her to "enforce sanctions compliance" in the crypto industry

All of this out of a supposed fear that Putin is going to use crypto to bypass sanctions even though its been known for a while now that Russia has been sanction-proofing itself by building up gold and Chinese Yuan reserves. As well as crypto's marketcap and volatility making it an unsuitable medium for country-scale transactions.

See why Russia wont be using crypto to bypass sanctions

Tired of these politicians pushing their own agendas.

submitted by /u/Ardi2Ole
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