If you are living under the jurisdiction of the United States of America and a registered voter under the the state of Massachusetts, do not vote for this grandma!
They are doing something similar to the cryptospace as they did to controlling guns. They are taking them away from the hands of the people and what might occur is it will be the criminals who will predominantly have access to them.
U.S. Senator Elizabeth Warrens re-election campaign is set to focus heavily on the crypto industry.
Her disdain for the crypto industry isnt new the Massachusetts senator has been fighting to curb the spread of cryptocurrencies in the U.S. for several years.
Her efforts culminated in December 2022 with the introduction of the Digital Asset Anti-Money Laundering Act of 2022. At the time, the bill was widely criticized both by republicans and fellow democrats, with the broader crypto and tech industries warning about the dangerous implications it could have.
In February, Warren vowed to reintroduce the bill this year, which would require all decentralized entities to comply with rigorous AML requirements.Read in full https://cryptoslate.com/elizabeth-warren-says-shes-building-an-anti-crypto-army-in-new-campaign/Some may worry about Senator Warren's attempts to regulate the crypto industry, but we should remember that rules can give the industry a sense of stability and legitimacy. By following anti-money laundering regulations, decentralized entities can show their dedication to preventing financial crimes and safeguarding users.
Additionally, these regulations could pave the way for new collaborative possibilities between the government and the crypto industry. By collaborating, we can construct a framework that encourages innovation and expansion while safeguarding citizens from financial crimes.
The evolution and adaptation of the crypto industry in response to changing regulations are exhilarating. As entrepreneurs and businesses continue to innovate, we can anticipate seeing fresh and exciting uses for cryptocurrencies.