U.S. Sen. Elizabeth Warren (D-Mass.), one of the most prominent critics of cryptocurrency hazards, warned the top military and financial officials that Iran relies on digital assets mining as a source of revenue that can lessen the pressure from U.S. sanctions.
Warren Rival for Senate Race John Deaton Argues for Coinbase in SEC Challenge
Lawyer-turned-politician John Deaton further reinforced his credentials as an outspoken crypto ally on Friday, filing a friend-of-the-court brief in Coinbase Inc.’s (COIN) effort to get a higher U.S. court to rule on a central question about when a digital token qualifies as a security.
Warren Flags Crypto Ties to Child Sexual Abuse in Letter to DOJ, Homeland Security
Leading crypto critic U.S. Sen. Elizabeth Warren (D-Mass.) has asked U.S. Attorney General Merrick Garland what tools the federal government needs to crack down on the use of digital assets to perpetrate child sexual exploitation, according to a letter she sent to the top U.S. law-enforcement official.
Elizabeth Warren Demands U.S. CFTC Chair Explain His Chats With SBF
The head of the U.S. Commodity Futures Trading Commission (CFTC), Rostin Behnam, had a lot of contact with Sam Bankman-Friend, the disgraced former CEO of FTX, but lawmakers suggest he hasn’t been fully forthcoming about those interactions. So, Sens. Elizabeth Warren (D-Mass.) and Chuck Grassley (R-Iowa) are demanding more.
Elizabeth Warren Demands U.S. CFTC Chair Explain His Chats With SBF
The head of the U.S. Commodity Futures Trading Commission (CFTC), Rostin Behnam, had a lot of contact with Sam Bankman-Friend, the disgraced former CEO of FTX, but lawmakers suggest he hasn’t been fully forthcoming about those interactions. So, Sens. Elizabeth Warren (D-Mass.) and Chuck Grassley (R-Iowa) are demanding more.
Derogatory Elizabeth Warren Meme Coin Deleted From Coinbase’s Website
Meme coin traders are flocking to a derogatory cryptocurrency that attacks Elizabeth Warren, the Massachusetts senator and prominent crypto critic. Meanwhile, cryptocurrency exchange Coinbase is running awkwardly in the other direction.
Crypto Political Operation Targets California’s Katie Porter by Undermining Her Base
A leading crypto industry political operation, Fairshake, is trying to ensure that the U.S. Senate doesn’t get a twin for its chief Washington antagonist Sen. Elizabeth Warren (D-Mass.) by trying to cut the legs from under U.S. Rep. Katie Porter (D-Calif.) in the 11th hour of her state’s primary-election battle.
Senator Warren Hits Out at Crypto Again, Says Industry Needs to Follow the Same Rules as TradFi
Warren reiterated her disdain for the industry in an interview.
Did Elizabeth Warren Just Endorse Bitcoin? Not So Fast
A stunt from Bitcoin supporters led to the appearance that the U.S. senator and staunch cryptocurrency opponent Elizabeth Warren signed an order for a flag to be flown over the U.S. capitol commemorating Satoshi Nakamoto.
If You’re in Crypto, You’re a Criminal
Senator Warren thinks all crypto people are crooks. We obviously agree. 100%.
Elizabeth Warren Pushes Back at Blockchain Lobbying Efforts
In a letter to the Blockchain Association, the U.S. senator accuses the group of undermining Congress.
Warren’s surveillance legislation is tailor-made to help big banks
Warren’s Digital Asset Anti-Money Laundering Act would shut crypto providers down — playing into the hands of the banking industry.
Warren’s Crypto Bill Is Likely Unconstitutional. It’s Also Unlikely to Pass
Democratic lawmakers signed on to sponsor the Digital Asset Anti-Money Laundering Act. The bill is bad for crypto in the U.S., even if it never gets through Congress.
Warren’s Crypto Bill Is Likely Unconstitutional. It’s Also Unlikely to Pass
Democratic lawmakers signed on to sponsor the Digital Asset Anti-Money Laundering Act. The bill is bad for crypto in the U.S., even if it never gets through Congress.
Don’t panic: Only 11 of 330 Elizabeth Warren’s bills have ever passed
Support for the Digital Asset Anti-Money Laundering Act is growing in Congress, but most bills sponsored by legislators never become law.
Banking Giant CEO Trashes Crypto – Again – And Warns Of Ban: Here’s Why
In a fiery declaration that reverberated through the financial landscape, JPMorgan Chase’s formidable CEO, Jamie Dimon, once again launched a verbal assault on crypto.
Dimon, well-known for speaking his mind, straightforwardly called for a complete ban on digital currencies, linking them to criminal activities without holding back.
The CEO didn’t mince words at a Senate hearing alongside seven other big bank bosses:
“If I was the government, I’d close it down.”
In response to a question from Senator Elizabeth Warren, he stated that he was adamantly against all forms of crypto, including bitcoin.
Dimon expressed worries that terrorists, drug dealers, and rogue states would use them as a means of finance and declared he would shut it down if he were in charge.
Even though Dimon’s bank is deeply engaged in blockchain—the technology that powers the $1.6 trillion cryptocurrency industry—his comments are the most recent assault against the industry.
Dimon Bashes Crypto
In earlier remarks, Dimon referred to bitcoin as “a hyped-up scam,” a term he subsequently withdrew. In addition, he had compared it to a “pet rock.”
In spite of his subsequent admissions of remorse, he continued to use the term “decentralized Ponzi scheme” to describe bitcoin and other digital currencies following his previous tirades.
Dimon and other banking leaders, including Brian Moynihan of Bank of America Corp., have asserted that their institutions have measures to stop terrorists and other criminals from utilizing them.
In contrast, Warren advocated for the extension of anti-money-laundering regulations that banks presently enforce to digital assets, specifically the cryptocurrency market. Every single CEO expressed agreement.
According to sources, JPMorgan completed its first blockchain-based collateral resolution as recently as October in a deal with BlackRock and Barclays.
With its JPM Coin, a proprietary stablecoin that enables users to execute blockchain-based payments, JPMorgan was a pioneer in this space.
JPMorgan said in the next two years, the token may handle up to $10 billion in daily transactions, up from its current level of about $1 billion.
The price of bitcoin, the biggest cryptocurrency in the world in terms of market valuation, has increased by more than 150% this year to about $44,000-plus, according to market tracker CoinMarketCap, despite calls for a government clampdown.
Cryptocurrency Critique Unites Senator With Bankers
Warren took advantage of the session to criticize the cryptocurrency sector by collaborating with Republicans and prominent bankers.
Naturally, Dimon does not have the power of a government and cannot independently initiate the ban of cryptocurrencies.
Being the leader of a private financial company, he may only make suggestions and voice opinions; he cannot implement significant policy changes.
Nevertheless, it demonstrated an unusual convergence of interests between the crypto industry and the senator from Massachusetts, a long-time enemy of banks, who claimed that cryptocurrency was supporting illegal transactions.
The price of bitcoin, the biggest and most popular cryptocurrency in the world, has increased by more than 150% this year and crossed the $44,000 barrier on Wednesday, according to the most recent market data, despite calls for a government shut down.
Featured image from Ting Shen/Bloomberg via Getty Images
JPMorgan’s Jamie Dimon and Sen. Elizabeth Warren Team Up to Bash Crypto
JPMorgan Chase CEO Jamie Dimon has never been shy about trashing crypto, even while his giant Wall Street bank became a leader in using blockchain technology to move billions. At a U.S. Senate hearing Wednesday, he slammed the industry again, to the delight of Sen. Elizabeth Warren (D-Mass.), who is trying to impose restrictions to combat illicit digital transactions.
Elizabeth Warren: D.C.’s Crypto Critic-in-Chief
The U.S. Senator from Massachusetts is skeptical of crypto. It’s a position she leaned into in 2023.
Nic Carter, other pro-Bitcoiners fight climate impact narrative in new paper
A newly published working paper on Bitcoin mining has worked to counter claims from anti-crypto politicians that Bitcoin is melting the planet.
Media Reported Hamas Got Millions Via Crypto, but the Data Provider They Cited Says It Was Misconstrued
After Hamas’ deadly attacks in Israel, media reports linked the terrorist group with tens of millions in crypto donations, but that data was misinterpreted and hugely exaggerated, according to the blockchain analytical firm that was cited.