I dont get her obsession with crypto. First she starts tweeting about how regulators need to increase scrutiny of crypto
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."
βU.S. financial regulators need to take this threat seriously and increase their scrutiny of digital assets,β 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.
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