Attack on Crypto: Senator Elizabeth Warren Launching Anti-Crypto Army in Washington

According to the latest reports, it seems that besides the multiple crises that the US has been lately seeing, digital assets are also under attack. Check out the latest reports about all this below.

It’s been just revealed that the Massachusetts Senator Elizabeth Warren is pushing forward with a political campaign to regulate the crypto space. This is an industry that she and her coalition believe threatens national security.

According to a report from Politico, Warren is making national security the focus of her potential crypto legislation. It’s also important to note the fact that she is also citing other issues like consumer protections, sanctions evasion, and environmental impact.

Warren’s spokesperson Alex Sarabia stated the following:

“The crypto industry has an army of lobbyists and Washington insiders fighting against bipartisan rules to prevent crypto money laundering by criminals and rogue nations like Iran and North Korea…”

Sarabia continued and noted this:

“There’s no reason that crypto should be held to a lower standard and not comply with the same rules for the same activities to address the same risks.”

It’s also revealed the fact that Sarabia said the following: “Warren told Politico that regulators already have the necessary tools to fight consumer fraud, but that “money laundering is in a different space. The current legal structure essentially holds up a giant sign over crypto that says, money laundering done here.”

Bitcoin is reportedly about to start a new leg up. Check out the latest optimistic predictions about the price of Bitcoin.

At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $24,735.

According to the latest reports, it seems that a popular crypto strategist believes that Bitcoin (BTC) is gearing up for a fresh rally. This could happen after the king crypto lost over 10% of its value over the past weeks.

Check out our previous article in order to order to learn more details about this.