Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

XRP -price recovers profit, but retains its bullish structure

2025-05-13

Top Crypto -Tokens to buy less than $ 0.5 that could reach $ 10 in the future: Shiba Inu (ShIB) is not on the list

2025-05-13

BSC -Validators, Not CZ, Dreef 90% Gas costs reduction, Binance Core Devs explains

2025-05-13
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    BSC -Validators, Not CZ, Dreef 90% Gas costs reduction, Binance Core Devs explains

    2025-05-13

    Tron and Ethereum fight for the USDT top position

    2025-05-13

    Abu Dhabi launches a large project with Agile Dynamics for quantum -safe blockchain

    2025-05-13

    Zimbabwe is turning into blockchain to breathe new life into the trust of the carbon credit of carbon credit

    2025-05-12

    Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

    2025-05-12
  • NFT

    Animoca Brands plans our mention to record ‘unique moment’ of Trump administration: FT

    2025-05-13

    Donald Trump Jr. Splashes rumors about ‘Truth Social’ -Memecoin

    2025-05-13

    Trump’s Crypto -Dinner cost VIP -Aurter $ 4.8 million

    2025-05-12

    New details about Trump’s Memecoin leaks from the official website – this is what they intend

    2025-05-12

    NFT -turns 10.6% to $ 115 million, Doodles Rally 500%

    2025-05-11
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    XRP -price recovers profit, but retains its bullish structure

    2025-05-13

    Ethereum surpasses Bitcoin with a surprise rally beyond $ 2,500

    2025-05-13

    Cardano (ADA) Dips: Temporary correction or start of deeper movement?

    2025-05-13

    The market capitalization of PI Network jumps $ 7 billion like token skyrockets 110% in a week in the middle of market bending

    2025-05-12

    Coinbase head of the institutional strategy says that scarcity stimulates the overwhelming wave of demand from major players

    2025-05-12
  • Learn

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Regulation»Senators Elizabeth Warren and Sherrod Brown are trying to kill the entire crypto industry: Chamber of Digital Commerce
Senators Elizabeth Warren and Sherrod Brown are trying to kill the entire crypto industry: Chamber of Digital Commerce
Regulation

Senators Elizabeth Warren and Sherrod Brown are trying to kill the entire crypto industry: Chamber of Digital Commerce

2024-02-22No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

US Senators Elizabeth Warren and Sherrod Brown are “trying to kill the entire crypto industry,” the Chamber of Digital Commerce said.

The US-based crypto advocacy group argues that lawmakers are spearheading an unprecedented attack on digital assets, citing Warren (D-Massachusetts) Digital Asset Anti-Money Laundering Act.

The bill, which Warren first introduced in 2022 and then again last July, aims to bring the crypto industry into compliance with the same money laundering rules that apply to the traditional financial system. Among other things, it would extend the responsibilities of the Bank Secrecy Act (BSA), including Know-Your-Customer (KYC) requirements, to crypto wallet providers, miners, validators and other network participants.

In July, the potential legislation was referred to the Senate Banking, Housing and Urban Affairs Committee, where Brown (D-Ohio) chairs.

This week, Perianne Boring, the founder and chief executive of the Chamber of Digital Commerce, wrote a letter to Brown urging lawmakers to scrap the bill.

The CEO said the potential legislation poses a “clear and present danger” to both national security and the economy.

“If this bill passes, hundreds of billions of dollars will be lost value to American startups and decimating the savings of countless Americans invested in this asset class legal. Moreover, this bill will ensure that we relinquish the remaining leading position in the digital world economy to China, Russia, North Korea and Iran, who are eagerly waiting to benefit from the perceived willingness to abdicate this responsibility.”

Boring compares the bill’s regulations to requiring an ink manufacturer to track every person who handles a single dollar bill printed with its ink.

See also  Singapore's central bank sees good potential for stablecoins to become a widely used payment instrument

“Just as tracking every user of a dollar bill would be untenable for an ink manufacturer, imposing similar requirements on blockchain entities such as digital asset miners and validators is equally unfeasible and detrimental to innovation.”

However, Warren has argued that the legislation is about closing loopholes.

“The Treasury Department makes clear that we need new laws to tackle the use of cryptocurrencies and enable terrorist groups, rogue states, drug lords, ransomware gangs and fraudsters to launder billions in stolen money, evade sanctions, run illegal weapons programs to finance and profit from devastating cyber attacks.”

Don’t miss a beat – Subscribe to receive email alerts straight to your inbox

Check price action

follow us on TweetFacebook and Telegram

Surf to the Daily Hodl mix

Featured image: Shutterstock/optimarc



Source link

Brown Chamber Commerce Crypto Digital Elizabeth entire industry Kill Senators Sherrod Warren
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Top Crypto -Tokens to buy less than $ 0.5 that could reach $ 10 in the future: Shiba Inu (ShIB) is not on the list

2025-05-13

Trump’s Crypto -Dinner cost VIP -Aurter $ 4.8 million

2025-05-12

SEC chairman atkins repeats himself to overhaul crypto rules, promises to end ‘Regulation by enforcement’

2025-05-12

Why Wall Street Crypto will not embrace without privacy of zero knowledge

2025-05-12
Add A Comment

Comments are closed.

Top Posts

The BTC number of individual investors must remain above 54 million

2024-10-27

Puma teams up with 10KTF for exclusive NFT sneaker collection

2023-04-29

Ethereum is preparing for a record high: can it break through?

2024-12-17
Editors Picks

Trader reveals a massively downward target for Bitcoin, calls for BTC Bear Market Multi-Moets-Hier is his prospects

2025-04-08

Major US bank will hand out $1,400,000 for treating group of Americans like criminals, giving ‘false reasons’ to deny services: CFPB

2023-11-19

Bullish Bitcoin Signals Emerge, But Analysts See a Catch: Is There a Turnaround?

2024-09-20

MiCA goes live in Europe as the cryptocurrency regulatory framework begins with stablecoins

2025-01-02
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

XRP -price recovers profit, but retains its bullish structure

Top Crypto -Tokens to buy less than $ 0.5 that could reach $ 10 in the future: Shiba Inu (ShIB) is not on the list

BSC -Validators, Not CZ, Dreef 90% Gas costs reduction, Binance Core Devs explains

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,690.96-0.18%
  • ethereumEthereum(ETH)$2,524.95-0.99%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.54-1.08%
  • binancecoinBNB(BNB)$653.78-5.07%
  • solanaSolana(SOL)$174.26-1.25%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.229035-6.35%
  • cardanoCardano(ADA)$0.80-4.96%
  • tronTRON(TRX)$0.265467-3.52%
  • suiSui(SUI)$4.00-2.48%
  • chainlinkChainlink(LINK)$16.73-3.81%
  • avalanche-2Avalanche(AVAX)$24.69-2.97%
  • stellarStellar(XLM)$0.309440-5.61%
  • shiba-inuShiba Inu(SHIB)$0.000016-6.37%
  • hedera-hashgraphHedera(HBAR)$0.210145-6.35%
  • hyperliquidHyperliquid(HYPE)$25.281.14%
  • the-open-networkToncoin(TON)$3.30-6.99%
  • bitcoin-cashBitcoin Cash(BCH)$402.94-3.30%
  • piPi(PI)$1.12-14.83%
  • polkadotPolkadot(DOT)$5.03-5.56%
  • unus-sed-leoUNUS SED LEO(LEO)$8.581.90%
  • litecoinLitecoin(LTC)$102.37-0.62%
  • moneroMonero(XMR)$341.49-0.58%
  • pepePepe(PEPE)$0.000014-3.19%
  • bitget-tokenBitget Token(BGB)$4.77-2.80%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.03%
  • uniswapUniswap(UNI)$6.82-4.25%
  • bittensorBittensor(TAO)$457.82-0.87%
  • nearNEAR Protocol(NEAR)$3.12-3.73%
  • aptosAptos(APT)$5.81-4.47%
  • aaveAave(AAVE)$219.96-1.41%
  • okbOKB(OKB)$54.22-2.70%
  • ondo-financeOndo(ONDO)$1.03-4.03%
  • kaspaKaspa(KAS)$0.122006-2.93%
  • internet-computerInternet Computer(ICP)$5.66-6.67%
  • ethereum-classicEthereum Classic(ETC)$19.78-3.65%
  • gatechain-tokenGateToken(GT)$21.86-0.79%
  • render-tokenRender(RENDER)$5.15-2.89%
  • mantleMantle(MNT)$0.79-3.19%
  • crypto-com-chainCronos(CRO)$0.100067-1.54%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.252011-5.82%
  • vechainVeChain(VET)$0.030469-6.67%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.93-8.47%
  • ethenaEthena(ENA)$0.390055-5.74%
  • usd1World Liberty Financial USD(USD1)$1.00-0.66%
  • algorandAlgorand(ALGO)$0.238281-6.00%
  • filecoinFilecoin(FIL)$3.07-5.30%
  • arbitrumArbitrum(ARB)$0.427083-7.93%
  • bitcoinBitcoin(BTC)$103,690.96-0.18%
  • ethereumEthereum(ETH)$2,524.95-0.99%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.54-1.08%
  • binancecoinBNB(BNB)$653.78-5.07%
  • solanaSolana(SOL)$174.26-1.25%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.229035-6.35%
  • cardanoCardano(ADA)$0.80-4.96%
  • tronTRON(TRX)$0.265467-3.52%
  • suiSui(SUI)$4.00-2.48%
  • chainlinkChainlink(LINK)$16.73-3.81%
  • avalanche-2Avalanche(AVAX)$24.69-2.97%
  • stellarStellar(XLM)$0.309440-5.61%
  • shiba-inuShiba Inu(SHIB)$0.000016-6.37%
  • hedera-hashgraphHedera(HBAR)$0.210145-6.35%
  • hyperliquidHyperliquid(HYPE)$25.281.14%
  • the-open-networkToncoin(TON)$3.30-6.99%
  • bitcoin-cashBitcoin Cash(BCH)$402.94-3.30%
  • piPi(PI)$1.12-14.83%
  • polkadotPolkadot(DOT)$5.03-5.56%
  • unus-sed-leoUNUS SED LEO(LEO)$8.581.90%
  • litecoinLitecoin(LTC)$102.37-0.62%
  • moneroMonero(XMR)$341.49-0.58%
  • pepePepe(PEPE)$0.000014-3.19%
  • bitget-tokenBitget Token(BGB)$4.77-2.80%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.03%
  • uniswapUniswap(UNI)$6.82-4.25%
  • bittensorBittensor(TAO)$457.82-0.87%
  • nearNEAR Protocol(NEAR)$3.12-3.73%
  • aptosAptos(APT)$5.81-4.47%
  • aaveAave(AAVE)$219.96-1.41%
  • okbOKB(OKB)$54.22-2.70%
  • ondo-financeOndo(ONDO)$1.03-4.03%
  • kaspaKaspa(KAS)$0.122006-2.93%
  • internet-computerInternet Computer(ICP)$5.66-6.67%
  • ethereum-classicEthereum Classic(ETC)$19.78-3.65%
  • gatechain-tokenGateToken(GT)$21.86-0.79%
  • render-tokenRender(RENDER)$5.15-2.89%
  • mantleMantle(MNT)$0.79-3.19%
  • crypto-com-chainCronos(CRO)$0.100067-1.54%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.252011-5.82%
  • vechainVeChain(VET)$0.030469-6.67%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.93-8.47%
  • ethenaEthena(ENA)$0.390055-5.74%
  • usd1World Liberty Financial USD(USD1)$1.00-0.66%
  • algorandAlgorand(ALGO)$0.238281-6.00%
  • filecoinFilecoin(FIL)$3.07-5.30%
  • arbitrumArbitrum(ARB)$0.427083-7.93%