Senator Elizabeth Warren (D-Mass.) reiterated the need for a strong regulation of cryptocurrencies on Sunday, criticizing the current method as a business gift that “overalls” the president Donald Trump corruption.
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I do not need written regulations by the cryptographic industry, known as Warren
Warren published her interview with MSNBC, in which she discussed the current state of cryptocurrency legislation.
“Listen, we need cryptography regulations, but we do not need written regulations by the cryptographic industry that overeating this type of corruption,” said Warren. “We need regulations that limit corruption in the ability of elected officials to trade in it.”
The senator also expressed his concerns about the abusive use of cryptocurrency by “terrorists and drug traffickers” and the need for strong consumer protection in the law.
The White House did not immediately return the request for comments from Benzinga.
See also: Trump targets banks for crypto, scaramucci flags’ ethereum killer, “kiyosaki slams” marxist fed “like btc booms – this week in crypto
The persistent criticism of Warren of genius, Clarity Bills
Warren’s remarks have echoed his previous criticisms on the bills linked to cryptocurrencies, in particular the law on engineering and the law on clarity. She previously declared that these bills fail to approach corruption, in particular concerning the companies of the family of Trump, such as the Official trump Trump / USD even and the USD1 Dollar balanced stable.
The main legislator has also criticized the support of democratic legislators to cryptocurrency bills and the prioritization of industry interests on public demands for an equitable economy and an affordable life.
Trump said revenues exceeding $ 57 million World Liberty FinancialThe company behind USD1, in its last disclosure. Asked about the medal of Mème, Trump refuted the assertions that he benefits financially from the company.
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