Key takes
Elizabeth Warren cooperates with Donald Trump to deal with the issue of exclusion of encryption. The FDIC document has revealed the restrictions related to cryptocation ahead of the Trump administration.
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The U.S. Senator Elizabeth Warren has changed her attitude toward cryptography.
During the early hearing of today, she promised to work with former President Donald Trump to work on the encryption industry.
Warren: “So taking off is a real problem, we need to cross the aisle to solve it.”
This is like an arson that mourns the sudden increase in housefire.
Don’t be fooled.
Elizabeth Warren and Biden administrator Acolite orchestra the debanking scandal…pic.twitter.com/2qcsgiasqd
– Samuraiman (@samlyman33) February 5, 2025
Previously, Warren, who was known for doubt about digital assets, focuses on the investigation of a bank -related company or a bank that refused individual services or closed door counts. This Practis, known for taking off, was a major concern for the encryption industry.
“It’s a real problem to take off, and we need to cross a passage to solve it,” said Senator Warren.
This development was brought to the revelation from the newly disclosed Federal Deposit Insurance (FDIC) document, which indicates that a cryptographic restriction was implemented in the previous administration.
The involvement of the Senator is following the closing of the Consumer Finance Protection Bureau (CFPB) under the Trump administration.
CFPB, a federal government agency established to protect consumers in the financial sector, played an important role in banking and consumer protection measures.
The ultra -controlled approach to deal with encrypted cacking shows a remarkable deviation from the previous position of Warren regarding digital assets, suggesting potential changes in the regulatory environment of cryptocien companies seeking bank services. It’s there.
Warren’s collaboration does not come without controversy.
Senator Warren criticized the approval of SEC’s Spot Bitcoin ETF, emphasizing the need to comply with anti -money laundering regulations.
Regarding banking policy, I usually do not agree with the billions of dollar bank CEOs. However, it is common sense and important to enforce the rule of money laundering to encryption to protect national security. It’s time for Congress to act. pic.twitter.com/ZZaegajeb4
– Elizabeth Warren (@senwarren) December 7, 2023
Recently, she sought a survey of President Trump’s Memcoin, especially $ Trump and $ melania. These developments have increased ethical concerns about potential conflicts.
Both Warren and Trump navigate this complex landscape, and the industry’s observers are eager to see signs of changing Washington’s policies.
The formation of the new “Crypto Task Force” in the SEC and the appointment of Trump’s custody stakeholders suggest that important changes may be on the horizon.
Yesterday, Coinbase was stated that COINBASE has prompted US bank regulations to clarify the rules of the Bank of Crypto, and coordinates the efforts to blame Crypto companies to prevent the Crypto and US regulatory authorities.
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