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Elizabeth Warren Pushes Strict Crypto Bill to Empower the SEC

Anti-crypto Senator Elizabeth Warren has been working hard on a cryptocurrency bill that puts the U.S. Securities and Exchange Commission in charge of the asset class.

On Dec. 7, Semafor reported that the Democrat Senator was researching a range of crypto-related issues. According to sources close to her office, these include regulations, taxation, climate, and national security.

The report added that Senator Warren has ramped up her push for regulations in the wake of the FTX collapse. She strongly believes that crypto is a tool for criminals to launder money and evade taxes. Last year, she famously called crypto “the new shadow bank,” suggesting that the asset class is for dodgy characters and criminals.

(By Martin Young)

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