Senator Warren has faced criticism from members of the crypto community for her latest comments about the use of cryptocurrency by illegal actors. In a tweet, she expressed concerns about the use of crypto by rogue nations, oligarchs, and drug lords for money laundering, sanctions evasion, and terrorism financing. She plans to introduce a bill to end the use of crypto for illegal activities and bring order to the industry. However, many in the community argue that crypto transactions are transparent and traceable, and that authorities can track them. This comes amid a divided Congress, with Republicans seeking to regulate crypto and leaked memos revealing anti-crypto stances among some Democrats.
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