Sen. Warren Announces Sanctions Compliance Bill for Crypto Companies

https://www.coindesk.com/policy/2022/03/17/senator-elizabeth-warren-announces-sanctions-compliance-bill-for-crypto-companies/

by perihelions • 4 years ago

50 4 4 years ago

coindesk.com

littlecranky67• 4 years ago

Surely crypto exchanges must be regulated to avoid russian money bypassing the sanctions. But just a quick reminder that Deutsche Bank was convicted and fined of laundering $10bn using the traditional banking system [0], and stock swaps in particular. Yes, this is whataboutism at its finest, but I just don't like the narrative some politicians establish around crypto being a prime source of money laundering.

[0] https://money.cnn.com/2017/01/31/investing/deutsche-bank-us-...

IAmWorried• 4 years ago

Not a huge crypto fan, but Sen. Warren is just the most shrill, condescending, hypocritical politician imaginable, who seems to have no emotion other than outrage. I hate nearly everything that comes out of her mouth. Whatever plan she has, I probably support the exact opposite.

threads2• 4 years ago

Ever since she cravenly smeared Bernie during the Democratic primaries (insinuating he's sexist) I've had a hard time considering her a good-faith actor.

That being said, if you've never looked into it, you should read about how the Obama administration neutered her role in the Consumer Financial Protection Bureau. I think most anyone would have a hard time disagreeing with her take on the 2007-2008 banking crisis - and you might find the contrast between suave and shrill less... signifying.

moron123• 4 years ago

All experience hath shewn that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security. — Such has been the patient sufferance of these Colonies; and such is now the necessity which constrains them to alter their former Systems of Government. The history of the present King of Great Britain is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute Tyranny over these States. To prove this, let Facts be submitted to a candid world.

Sen. Warren Announces Sanctions Compliance Bill for Crypto Companies

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