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

[Pierre 2]

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.

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[bbc.reporter]

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/

[monedauno]

# 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.

[DeathAngel]

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.

[bbc.reporter]

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

[MusaMohamed]

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

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.

[NotATether]

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.  

Although I can't say I'm surprised.

[DapanasFruit]

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.

[thecodebear]

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.

[franky1]

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.  

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)