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

[bbc.reporter]

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/

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[franky1]

funny part is

bitcoin started life under a MIT licence
the M of MIT is her states name

MIT is a hub of technical innovation, a literal institution of technology and she wants to strangle it.,, hmm not really a good look when it comes to re-election

[lassdas]

.., which would require all decentralized entities to comply with rigorous AML requirements.

If it's decentralized, who's the one going to comply with ..anything?

[BenCodie]

The most concerning thing that could come from this campaign is someone looking at it and thinking, "Yes, this makes me want to vote for Elizabeth Warren". As a non-politically involved/non-government individual, who in their right mind is thinking that an "anti-crypto army" is something that would be directly beneficial to them and their community? I can only see people who have been scammed in some way that involved cryptocurrency seeing this as a good thing. Elizabeth Warren probably got duped herself, that would explain why she is so anti-crypto

Analysis aside. The campaign image is a great meme.

[OgNasty]

The most concerning thing that could come from this campaign is someone looking at it and thinking, "Yes, this makes me want to vote for Elizabeth Warren". As a non-politically involved/non-government individual, who in their right mind is thinking that an "anti-crypto army" is something that would be directly beneficial to them and their community? I can only see people who have been scammed in some way that involved cryptocurrency seeing this as a good thing. Elizabeth Warren probably got duped herself, that would explain why she is so anti-crypto

Analysis aside. The campaign image is a great meme.

I think a lot of her supporters are miserable people who hate everyone and everything. An anti-crypto army to go after those evil crypto bros seems like it fits right in line with what her supporters want to see. More hate, more blaming people for their success, more punishment of those who try to break free of the financial chains the system has placed on us all. It’s right on brand.

[wxa7115]

The most concerning thing that could come from this campaign is someone looking at it and thinking, "Yes, this makes me want to vote for Elizabeth Warren". As a non-politically involved/non-government individual, who in their right mind is thinking that an "anti-crypto army" is something that would be directly beneficial to them and their community? I can only see people who have been scammed in some way that involved cryptocurrency seeing this as a good thing. Elizabeth Warren probably got duped herself, that would explain why she is so anti-crypto

Analysis aside. The campaign image is a great meme.

If I were to guess what kind of person would look at this and want to vote for her, then I suppose those which live by the mantra 'misery loves company' fit her target audience perfectly.

Bitcoin and cryptocurrencies in general have no effect on the lives of those which do not use them, and even if they see in bitcoin a tool to obtain freedoms they neither want or need, they still do not want for anyone else to have them, so people like her can get a lot of votes despite that a proposal like this will bring no benefits at all to the ones supporting her.

[Kakmakr]

I really do not know why people of 73 years are running a government that are in control of so many important things. She should be retired and looking after her grand children now, but now she is building an army against Bitcoin. 

It is like the old people are rising up against change and fighting to their last breath to hold onto the past. Take Warren Buffet he is in his 90s, but he still wants to hold on to his old fiat legacy.... because they helped to build that corrupt system. 

[thecodebear]

This is really sad. While my disdain of politicians is usually reserved for the extremist corrupt immoral fascist tyrannical republican party, Elizabeth Warren is right up there with them as a politician that I really don't like and she clearly picks fights she doesn't understand.

I don't get why she is sooooo anti-crypto. I mean I know she thinks Bitcoin is bad because it uses a lot of energy and she isn't educated up on why Bitcoin mining is actually really good for the environment and the world. And I know there's plenty of scams in crypto. But like, she just hates all of crypto including Bitcoin and has zero interest in learning about it. I guess its just cuz she doesn't know anything about it and just reads the bad headlines about scams and stuff like FTX and doesn't care enough to really learn about the whole industry and just assumes its all scams and FTXes. It'd be like wanting to build an anti-internet army in the 90s. It's sad politicians like her are so uneducated on Bitcoin/Crypto that they 'want to toss the baby out with the bath water' as the saying goes. She seems to be someone who goes after anything that APPEARS to be bad based on media interpretations, and doesn't bother to learn beyond that.


After such a pronouncement as "building an anti-crypto army" I would really like to see her actually debate industry experts so her views on the industry could get demolished in the public eye.  There's no strong voices standing up for the industry in a very public way so crap like this is just allowed to go unchallenged. It is VERY popular to malign Bitcoin and the industry as a whole, and generally the only response is people on Twitter condemning such attacks. We really need more public people actually educating the public and politicians on the benefits.

[retreat]

This grandma should have retired and stayed at home taking care of her children and grandchildren, she shouldn't be dealing with government issues let alone dealing with issues related to cryptocurrencies. She is too busy taking care of things that are not her business and forgets her obligations as a grandmother, I really feel sorry for her offspring.

[Ojima-ojo]

funny part is

bitcoin started life under a MIT licence
the M of MIT is her states name

MIT is a hub of technical innovation, a literal institution of technology and she wants to strangle it.,, hmm not a good look when it comes to re-election

You are right Franky and I don't think the senator has a good campaign strategy, anti-Bitcoin campaigns being the centre vocal point of her election bid will turn the electorate's interest away from her since no one wants autocratic leaders who will not want the freedom of the citizens must especially freedom in finances.

Elizabeth has a slim chance of winning the election and as a matter of fact, her entire political career may be affected negatively because of her hate for Bitcoin since a large portion of the society already embracing bitcoin.

The young voters will see Elizabeth as old fashion politician who does not have the wherewithal to mitigate through the process of adopting bitcoin and other digital assets into the traditional financial system as a lawmaker.

[davis196]

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.

[Z390]

.., which would require all decentralized entities to comply with rigorous AML requirements.

If it's decentralized, who's the one going to comply with ..anything?

There will be problem with crypto projects that claimed to be decentralized but the developers are well known, this is why I have been saying to some friend of mine that true decentralized projects should always have anonymous team and developers, I don't know why many developers failed ti follow the example of Satoshi Nakamoto, he knew that possibility of what could happen later in future, this is why he decided to never reveal who he is.

[Faisal2202]

Well, this is not something new, as the history of Massachusetts represents its hostility against BTC and its decentralization. Why? That I do not know but back in 2017 Massachusetts showed its hostility to BTC but the number of BTC users was still increasing in that state. Like you can check the stats are telling truth, There are more than 800 registered BTC ATMs in the Bay State and there are more than 200 blockchain companies in that state which make it the 5th state in the most adoption of BTC list.

But the question is why this senator is against BTC and it's decentralization. i think when they declare war against BTC in 2017 (which i mentioned above) they said in that warning to users that

“Bitcoin has also been the target of major hacks,” another sentence begins in rather treacherous territory. Bitcoin, as honest analysts know, has never been hacked. But third-party trust operations “at the exchange and wallet levels,” have, Mr. Galvin notes almost too late in the same sentence, failing to make an important distinction.

As after this, FTX was the most famous token in Bay state but as Fall of FTX came this seems to look more true. But as we know BTC is BTC and others are alts if you will give space to other technologies and then ask BTC and its decentralization to halt then that's not fair.

Maybe, there could be other problems too in stopping BTC like, "Election is coming" she needs voters and using those who are against BTC/crypto or at least encouraging those too who lost in FTX. As back in 2022, she failed to implement that act but now she is again in the field. let's see what good comes from this back she made some ambiguity statements which proofs her wrong.

Well, what if she wins this time, just a curious question. then i think these companies have to leave doing business in the USA but that will affect the economy of the USA, as a great amount of tax is being gathered on crypto and the latest tax on NFTs will get them more money as many celebrities own millions of NFTs. But overall, i do not think so, it's going to happen.

[Synchronice]

Doesn't this Senator want to make their activities and income more transparent? It would be nice to see what's her source of money, who pays her, how much and when, where does she spend this money, etc, let's make everything public and 100% transparent for everyone. Oh, she won't like it, definitely not, and she will say that it's private and sensitive information, so is mine too, Mrs!
These people are either retard or don't want to understand the real problem, there are people who don't want to be their puppet, their source of information for marketing and when there is an exponential growth on demand of privacy, there will always be a supply. Restrictions are a band-aid on scar.

[Wind_FURY]

.., which would require all decentralized entities to comply with rigorous AML requirements.

If it's decentralized, who's the one going to comply with ..anything?

Or if it's decentralized, HOW will they force such a network to comply with anything? They either don't understand, or they're simply too stupid to understand. But we can't blame the older generation/boomers if they can't accept the fact when a new technological breakthrough is taking place. It was the same during the time when the automobile was invented, or the printing press, and many other inventions/discoveries.

[hyudien]

Instead of a campaign that usually includes support for all elements, whether crypto lover or not, she should know how politics works well. But instead, she is drumming up war, so if he decides to go for an anti-crypto campaign it will only kill widespread public support. It doesn't matter what she says to draw people into the circle. Don't expect a campaign like this to be accepted, especially among young people who support him, she has planted hatred.

[KingsDen]

The most concerning thing that could come from this campaign is someone looking at it and thinking, "Yes, this makes me want to vote for Elizabeth Warren". As a non-politically involved/non-government individual, who in their right mind is thinking that an "anti-crypto army" is something that would be directly beneficial to them and their community? I can only see people who have been scammed in some way that involved cryptocurrency seeing this as a good thing. Elizabeth Warren probably got duped herself, that would explain why she is so anti-crypto

Analysis aside. The campaign image is a great meme.

Thank you very much for this very comment of yours. I was almost confused when I saw this post and the essence of the anti crypto campaign was not clear to me.
I was asking who'll support this kind of campaign and how would it profit the people of the state? I know United States as a state that loves Liberty which means people have the right to do whatever they wish to do at the confines of the law.

Mare looking at their campaign, you will understand that all the crypto enthusiasts will not support the said campaign and even people that arebnot into crypto my not be interested in the campaign. But as I have read that she was personally scammed in crypto. I now understood the reason for the campaign and maybe some people that were scammed using crypto and bitcoin as the payment gateway would also support the idea.

That is one of the disadvantages we have in cryptocurrency. Whenever a crime is concluded using cryptocurrency as a payment method it is assumed that the payment method was actually the scam.

[Lucius]

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!
~snip~

Honestly, I really don't care who will and who won't vote for her, because she is totally irrelevant and it's a real shame that we give such people any exposure on this forum. If Bitcoin could survive without China, I'm sure it can survive without Massachusetts and a few other federal states.

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.

Is the possession or purchase of firearms prohibited in the Massachusetts? As far as I managed to find online, it is allowed for everyone over the age of 15 who has a license -> https://www.mass.gov/info-details/gun-ownership-in-massachusetts

Furthermore, do you think it's normal that kids can own firearms without any problems and then go around killing people? I think that something is very, very poorly regulated in a country that has at least one mass murder every day...

[Accardo]

There is nothing to bother about, Elizabeth Warren and Janet Yellen strove few years back to issue the crypto bill yet it seemed irrelevant and it wasn't passed. Now she wants to use cryptocurrency as an electoral tool to lure people into her campaign of banning crypto to promote her. I don't see any negative effect this would have on cryptocurrency rather it'll yield positive result. No bad publicity, people who didn't know about crypto would know it through her, and definitely they'll research about it. Such, publicity could convert some people into cryptocurrency. However, Elizabeth Warren may not execute her plans if she gets there or she may not win the election.

[ethereumhunter]

Let's hope she doesn't get voted in that election so there won't be a bill that's too strict about hindering the development of crypto in America. And let her continue to talk about the bad of crypto because maybe she doesn't understand crypto at all and what is the purpose of crypto for citizens. She should have realized that she was too old to join the ranks of Senators and left it to a younger candidate with a good vision and mission for the future of America. But human greed has made many people want to achieve more.