[NEWS] Elizabeth Warren says she’s building an anti-crypto army in new campaign

franky1

legendary

Activity: 4410

Merit: 4788

Quote from: NotATether on December 19, 2023, 10:50:39 PM

Quote from: bbc.reporter on December 19, 2023, 10:31:35 PM

BREAKING: Co-sponsor of Elizabeth Warren’s “#Bitcoin Ban Bill” admits the bankers helped Warren write the bill.

Source https://twitter.com/Dennis_Porter_/status/1737177407134543914

LOL ok, if they don't want future crypto profits they can just give them to me. Grin

Although I can't say I'm surprised.

its not about not wanting bitcoin
its about something previously invented is not by default illegal.. what they end up needing to do is ban it. to then have contol to then offer permits of use under their rule

the real game is not to ban and leave alone. its to ban, set rules and then licence utility.. under their control
how do you think US banks got so powerful. they ban certain currencies access to US industry, then they invent licences(trade deals) which come with terms and conditions. then they control it.. which they can then sanction those countries under the trade deals

if you look at how the NY bitlicence came into being you will learn they banned it in NY and overnight offered permits under their conditions of operation

alcohol had the same thing done 100 years ago.. prohibited it, then created laws/regulations
yep you can now be arrested for drinking fluid and then driving. which was not illegal pre 1920~
yep you can now be arrested for drinking fluid under a certain age. which was not illegal pre 1920~
(it did take them years between ban -> licence)

thecodebear

hero member

Activity: 2240

Merit: 848

On many issues Warren is almost as out of touch with society as the republicans are. She's on the extreme left end of Democrats and seems to dislike anything 'tech'. Being anti-crypto just makes her seem even more silly. There's only a handful of politicians in congress as anti-crypto as she is, so this isn't a real worry. There is no army to build.

DapanasFruit

member

Activity: 1218

Merit: 49

Binance #Smart World Global Token

Quote from: davis196 on March 31, 2023, 01:18:21 AM

AFAIK, Elizabeth Warren is a part of the radical left wing of the Democratic party(just like Bernie Sanders). So basically she's something like a communist. No wonder that the radical left politicians want total government control and brutal regulations over all industries. This is hidden totalitarianism. Unfortunately, Warren will most likely win another mandate as a senator, but we shouldn't be worried that much. Anti-crypto politicians have been elected in the past years in both the Congress and the Senate, but this didn't stop mass BTC/crypto adoption in the USA. The US government might impose stricter regulations over the crypto industry, which is a double edged sword, but we definitely need the industry to get rid of scammers like Sam Bankman-Fried.

Unfortunately, she is not alone with this kind of disdain for the crypto industry within the ranks of the Democrats...it is just ironic that most of the politicians who got benefitted with SBF-FTX fiasco are Democrats. Yes, we need the right regulations and the senate should be working with SEC to come up with acceptable but strict framework on which players should work with but there is never a valid excuse to kill the whole thing. Just like any other industry, there will be scams and frauds and those are the things the government must deal while at the same time collecting taxes from them. However, am sure Elizabeth Warren will not succeed in making crypto dead.

NotATether

legendary

Activity: 1568

Merit: 6660

bitcoincleanup.com / bitmixlist.org

Quote from: bbc.reporter on December 19, 2023, 10:31:35 PM

BREAKING: Co-sponsor of Elizabeth Warren’s “#Bitcoin Ban Bill” admits the bankers helped Warren write the bill.

Source https://twitter.com/Dennis_Porter_/status/1737177407134543914

LOL ok, if they don't want future crypto profits they can just give them to me. Grin

Although I can't say I'm surprised.

MusaMohamed

sr. member

Activity: 966

Merit: 306

Quote from: bbc.reporter on December 19, 2023, 10:31:35 PM

News update.

If there are people in this forum who do not believe that there are corporate interests that are conspiring with politicians to ban bitcoin, this speech proves that it is not only a conspiracy theory. The congressmen and senators you vote into office do not work for you. They work for the real rulers. Also, very much similar to what has been said before, they want more and they want very little for you.

BREAKING: Co-sponsor of Elizabeth Warren’s “#Bitcoin Ban Bill” admits the bankers helped Warren write the bill.

Source https://twitter.com/Dennis_Porter_/status/1737177407134543914

I agree and I saw that there are some anti efforts from governments, congress-men/ women and senators to try having better control on Bitcoin and cryptocurrency market. They will try to have as biggest impacts and control on it as possible.

However I knew one interesting fact about Elizabeth Warren.

Don’t panic: Only 11 of Elizabeth Warren’s 330 bills have ever passed

Data is from https://www.govtrack.us/congress/bills/browse?sponsor=412542#current_status[]=1

Quote

According to data from the bill-tracking platform GovTrack, Warren has introduced 330 bills during her 11 years as a senator. Ten were eventually folded into other bills, and only one relatively obscure bill has

She has very bad record with her proposals.

bbc.reporter

legendary

Activity: 3122

Merit: 1492

News update.

If there are people in this forum who do not believe that there are corporate interests that are conspiring with politicians to ban bitcoin, this speech proves that it is not only a conspiracy theory. The congressmen and senators you vote into office do not work for you. They work for the real rulers. Also, very much similar to what has been said before, they want more and they want very little for you.

BREAKING: Co-sponsor of Elizabeth Warren’s “#Bitcoin Ban Bill” admits the bankers helped Warren write the bill.

Source https://twitter.com/Dennis_Porter_/status/1737177407134543914

DeathAngel

legendary

Activity: 3304

Merit: 1617

#1 VIP Crypto Casino

Seems to have gone quiet on this. Maybe she decided to build an anti inflation theft army. Seriously though you can’t trust any of these people including Warren. She’s in the pocket of bankers & the elite. So many of these Congressmen/women are multimillionaires despite being on 100k salaries. They are paid to do what the elite tell them to do. I doubt she cares about bitcoin but she is paid to appear so.

monedauno

newbie

Activity: 14

Merit: 0

# CHAPTER FOURTEEN

# The Future of Crypto

The future of crypto is bright and exciting, but it is far from over. There are a number of things to look forward to in the near future. First and foremost, we are in uncharted territory.

Second, we have a lot riding on the growth of the crypto industry. The world is moving in a direction that is not seen in the past.

Third, and most importantly, we can't wait any longer.

Fourth, we need to start thinking about what will happen to our money and how we will pay for it. This is a topic that will take a while to get settled and I will be writing a book that will be out in the next few months.

Fifth, we need to be clear about who we are and what we stand for.

Sixth, we need to make a plan of attack and attack it from the ground up.

Seventeen and beyond, we will face an uphill battle to get out of this mess.

bbc.reporter

legendary

Activity: 3122

Merit: 1492

It appears the real news behind the bank runs of Silvergate, Silicon Valley Bank and Signature Bank will be exposed in due time. This article mentions that the crypto exposure for these banks are not very large and what really caused the bank runs is only the fear that these banks might have a large exposure on crypto.

I reckon that more real news on the cryptospace will begin to be published as more data about what really occured will be gathered. This will certainly be very head scratching for grandma Warren's anticrypto army campaign because it will certainly blow up on her own face.

A report by the Congressional Research Service (CRS) has outlined the role of cryptocurrency in the failures of banks Silvergate, Silicon Valley, and Signature, stating that while the banks’ exposure to crypto was minimal, the perception of risk “may have driven non-crypto firms/individuals to make significant withdrawals.”

Analyst Paul Tierno from CRS, a nonpartisan agency that serves to inform Congress, concluded in their report that “volatility in crypto markets may expose banks to liquidity risks that could ultimately lead to fatal losses,” but contrary to beliefs, the banks’ exposure to crypto “was somewhat limited.” Dwindling deposits from crypto firms led banks to sell securities at a loss, which exacerbated liquidity issues and solvency.

Source https://protos.com/congressional-report-says-crypto-didnt-cause-bank-runs-fear-of-exposure-did/

Pierre 2

legendary

Activity: 2436

Merit: 1366

I hope such kind of politicians just retire and go back to their homes to have fun with their grandkids. People still can't deal with future technologies. Bitcoin is irreversible development in financial world. I mean people cannot kill Bitcoin from now on. Banning is not possible anymore especially in democratic countries. Old politicians should just agree that Bitcoin is part of financial markets from now on at least seek better ways to make Bitcoin trade more secure/regulated so people wouldn't suffer.

Poker Player

legendary

Activity: 1372

Merit: 2017

Is anyone really surprised by this? Her position is not uncommon among politicians in general. In this forum we have people from all over the world and I am sure that the average politician has very similar ideas to Warren, unless you live in El Salvador. The only politicians who might favor a space for Bitcoin as Satoshi dreamed of would be libertarian politicians of which there are almost none. Few in the US and even fewer in the rest of the world.

Add to that the number of members of this forum who defend democrat or socialist policies, which consist of more power and control by the state, while using Bitcoin with maximum privacy, which is paradoxical to say the least. If that happens in this forum, how can we not have politicians who basically want to KYC all Bitcoin transactions and have them as perfectly identified as bank transactions?

bbc.reporter

legendary

Activity: 3122

Merit: 1492

Quote from: Mauser on April 10, 2023, 03:55:11 AM

Quote from: bbc.reporter on March 30, 2023, 10:22:00 PM

Her efforts culminated in December 2022 with the introduction of the Digital Asset Anti-Money Laundering Act of 2022. At the time, the bill was widely criticized both by republicans and fellow democrats, with the broader crypto and tech industries warning about the dangerous implications it could have.

Oh boy looks like she doesn't want to give up. I was so glad last year the bill against crypto both in America and in Europe found no majority. Why can't politicians accept defeat and move on? When already Democrats and Republicans agree together on something there must be really something wrong. I hope that due to the crypto hype over the last two years that there is now a strong majority for people who favor cryptos and don't want to see their use being limited. To a certain extent regulation is important, but over regulating a whole sector will limit it's growth in the future and reduce the incentive for technological advances. Let's make sure that everybody knows the politicians that are against cryptos.

This is why if you are from America living in the state of Massachusetts, please do not vote for her. She will not stop her anti crypto army campaign when she wins and sits in office. Similar to much of the politicians around the world, she is only a puppet controlled by the real rulers of the country. Much of them are located in Wall Street. It is really head shaking that some people force themselves to argue for their side heehhe.

ChiBitCTy

legendary

Activity: 2282

Merit: 3014

The one thing I liked about her was when she held Michael Bloomberg's feet to the fire during the last presidential debate. She 1-2-3 knock out punched that scumbag and it was amazing..but most of my praise stops there. I don't care what this old hag who surely doesn't have the first clue what the blockchain is and how bitcoin works. I, as a United States citizen am really not all that worried about what shes proposing here. Also, nothing says she's going to win soo...

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: DooMAD on March 31, 2023, 09:24:41 AM

Quote from: Faisal2202 on March 31, 2023, 01:28:54 AM

But the question is why this senator is against BTC and it's decentralization.

When in doubt, follow the money. It's probably "lobbying". Someone (or several someones) with ties to traditional finance will likely be applying pressure for the senator to adopt this stance.

That’s also possible as we all know that some only run so they can have the power to take control its people, and it might be that this senator is being used as a forefront just to hide the negativity of fiat and sabotage bitcoin. Or maybe this senator has its unforgettable and unfortunate experience with bitcoin that she also want to drag the people away from it.

Ucy

sr. member

Activity: 2674

Merit: 403

Compare rates on different exchanges & swap.

I think the issue is simply with those who build cryptocurrencies that aren't based on Bitcoin standard. Bitcoin already has inbuilt features that's capable of taking care of most/all current or potential problems that worry people like her. And the nice thing about this it that it will handle the issues without violating the fundamental rights of people or creating problems for society. The future is bright for Bitcoin... Some say it's unstoppable, and I think they are correct. Anyone who understands why will think so too. Any attempt to stop it is almost equal to being lawless, as it will require breaking just societal laws or acting like a traitor.

Mauser

hero member

Activity: 1974

Merit: 534

Quote from: bbc.reporter on March 30, 2023, 10:22:00 PM

Her efforts culminated in December 2022 with the introduction of the Digital Asset Anti-Money Laundering Act of 2022. At the time, the bill was widely criticized both by republicans and fellow democrats, with the broader crypto and tech industries warning about the dangerous implications it could have.

Oh boy looks like she doesn't want to give up. I was so glad last year the bill against crypto both in America and in Europe found no majority. Why can't politicians accept defeat and move on? When already Democrats and Republicans agree together on something there must be really something wrong. I hope that due to the crypto hype over the last two years that there is now a strong majority for people who favor cryptos and don't want to see their use being limited. To a certain extent regulation is important, but over regulating a whole sector will limit it's growth in the future and reduce the incentive for technological advances. Let's make sure that everybody knows the politicians that are against cryptos.

bbc.reporter

legendary

Activity: 3122

Merit: 1492

Quote from: majeed on April 09, 2023, 10:36:55 AM

Some may worry about Senator Warren's attempts to regulate the crypto industry, but we should remember that rules can give the industry a sense of stability and legitimacy. By following anti-money laundering regulations, decentralized entities can show their dedication to preventing financial crimes and safeguarding users.

Additionally, these regulations could pave the way for new collaborative possibilities between the government and the crypto industry. By collaborating, we can construct a framework that encourages innovation and expansion while safeguarding citizens from financial crimes.

The evolution and adaptation of the crypto industry in response to changing regulations are exhilarating. As entrepreneurs and businesses continue to innovate, we can anticipate seeing fresh and exciting uses for cryptocurrencies.

It would be very much an ideal set of conditionsif the government regulates the cryptospace to protect the people while also giving us the freedom to invest and use all these different coins and services. However, we should always be skeptical. The government and their agencies have always used regulations to maintain the dominance of the rulers. The cryptospace is giving everyone a chance to rise up against the rulers. They do not want this. They want you where you ar. Poor and trapped.

majeed

sr. member

Activity: 526

Merit: 253

Damn

Quote from: bbc.reporter on March 30, 2023, 10:22:00 PM

If you are living under the jurisdiction of the United States of America and a registered voter under the the state of Massachusetts, do not vote for this grandma!

They are doing something similar to the cryptospace as they did to controlling guns. They are taking them away from the hands of the people and what might occur is it will be the criminals who will predominantly have access to them.

U.S. Senator Elizabeth Warren’s re-election campaign is set to focus heavily on the crypto industry.

Her disdain for the crypto industry isn’t new — the Massachusetts senator has been fighting to curb the spread of cryptocurrencies in the U.S. for several years.

Her efforts culminated in December 2022 with the introduction of the Digital Asset Anti-Money Laundering Act of 2022. At the time, the bill was widely criticized both by republicans and fellow democrats, with the broader crypto and tech industries warning about the dangerous implications it could have.

In February, Warren vowed to reintroduce the bill this year, which would require all decentralized entities to comply with rigorous AML requirements.

Read in full https://cryptoslate.com/elizabeth-warren-says-shes-building-an-anti-crypto-army-in-new-campaign/

Some may worry about Senator Warren's attempts to regulate the crypto industry, but we should remember that rules can give the industry a sense of stability and legitimacy. By following anti-money laundering regulations, decentralized entities can show their dedication to preventing financial crimes and safeguarding users.

Additionally, these regulations could pave the way for new collaborative possibilities between the government and the crypto industry. By collaborating, we can construct a framework that encourages innovation and expansion while safeguarding citizens from financial crimes.

The evolution and adaptation of the crypto industry in response to changing regulations are exhilarating. As entrepreneurs and businesses continue to innovate, we can anticipate seeing fresh and exciting uses for cryptocurrencies.

Mr. Magkaisa

sr. member

Activity: 938

Merit: 303

- I am sure that there is no reliable vote for all the crypto enthusiasts there in the US, in fact this proposal of his is not good, instead of helping it seems that he wants to suffer and does not want to help the crypto community that is in reality also helps their country's economy.

Let's see where he will be picked in his run when the election 2024 comes next year, this is the thing he did wrong against his plan against cryptocurrency.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

Quote from: bbc.reporter on April 08, 2023, 07:30:37 PM

~snip~
In any case, if you say nothing can be hidden from the authorities today, what does it imply on mixers?

This implies that even mixers are not something that ensures the level of anonymity that some imagine when using them. It's not just that someone has already proven that it is somehow possible to break such services, which you can see here -> Breaking Mixing Services. It is also about the fact that users do not use the same services in the way it is suggested to them, which leads to the fact that transaction A can be connected with transaction B using very simple methods.

Besides, mixing coins and selling the same for fiat are two different things - because if any usual method like bank accounts is used, every user must be ready to explain the origin of that money.

Topic: [NEWS] Elizabeth Warren says she’s building an anti-crypto army in new campaign (Read 611 times)