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

[NotATether]

I notice 'Alphabet' (Google) are one of her larger benefactors.  A company who just so happen to have a payment platform, Google Pay.  Perhaps they see Bitcoin as competition and are financially motivated to fund those who oppose it?

And I thought Alphabet soup people had bought into the 7 transactions-per-second BS and consequentially did not think it would become a formidable payment platform to challenge them (although that is also on the cards for us).

Honestly it could also be nothing more than Alphabet being ran by a bunch of woke leftists who don't want to support the other gallery of Dems.

[DeathAngel]

She’s obsessed with bitcoin & being negative about it. I don’t understand her problem, she must paid my banks to try to make it as difficult as possible for bitcoin to gain increased adoption.

I hope she gets voted out of office next time. There should be an age limit on people working in these positions. Nobody over 70 should be in a job that affects the future of the whole nation. She doesn’t even know anything about bitcoin, she’s not qualified to discuss it.

[DooMAD]

I notice 'Alphabet' (Google) are one of her larger benefactors.  A company who just so happen to have a payment platform, Google Pay.  Perhaps they see Bitcoin as competition and are financially motivated to fund those who oppose it?

And I thought Alphabet soup people had bought into the 7 transactions-per-second BS and consequentially did not think it would become a formidable payment platform to challenge them (although that is also on the cards for us).

Honestly it could also be nothing more than Alphabet being ran by a bunch of woke leftists who don't want to support the other gallery of Dems.

It's tricky when you can safely assume vested interests are at play, but there's no way to confirm what those vested interests might be.  Could be any number of things, but the GooglePay thing just seemed too big a coincidence.  I'm probably way off, though, heh.

[bbc.reporter]

She’s obsessed with bitcoin & being negative about it. I don’t understand her problem, she must paid my banks to try to make it as difficult as possible for bitcoin to gain increased adoption.

I hope she gets voted out of office next time. There should be an age limit on people working in these positions. Nobody over 70 should be in a job that affects the future of the whole nation. She doesn’t even know anything about bitcoin, she’s not qualified to discuss it.

She will use all types of slogans and storylines to manipulate the people who do not know anything about the cryptospace and there are certainly more people outside the cryptospace than inside of it.

Another reason why the government wants a crackdown on the cryptospace is it might be hard to tax because cryptocoins are easy to move and hide hehe.



A new study from the Swedish tech company Divly has found that less than 1% of crypto investors paid taxes on their crypto in 2022. Specifically, the study has shown that only 0.53% of crypto investors paid taxes on those digital assets last year.

The Global Cryptocurrency Taxation Report of 2022 measures the taxation trends for the digital asset industry in various countries. Moreover, it showcases the minimal percentage of cryptocurrency investors that declared their assets to respective tax authorities last year.

Source https://watcher.guru/news/study-finds-less-than-1-of-global-investors-paid-taxes-on-crypto-in-2022

[freedomgo]

She’s obsessed with bitcoin & being negative about it. I don’t understand her problem, she must paid my banks to try to make it as difficult as possible for bitcoin to gain increased adoption.

I hope she gets voted out of office next time. There should be an age limit on people working in these positions. Nobody over 70 should be in a job that affects the future of the whole nation. She doesn’t even know anything about bitcoin, she’s not qualified to discuss it.

I guess she has her own history with bitcoin but unfortunately, it was a worst experience for her which made her too obsessed about it, and want the whole cryptocurrency just totally out of the market. So the whole thing is obviously a selfish desire, she will only use her power to get rid of bitcoin and the whole decentralized crypto coins. She should not be running for her position as it would mean ruining the future of the county if ever she’ll win.

[Outhue]

Well good luck to her and her army, she has just given voters a reason not to vote for her, everyone knows how Bitcoin is changing the lives of many people and she wants to replace that with CBDC? The truth is she lacks an understanding of Bitcoin and it's the purpose, someone needs to sit her down and feel her why Bitcoin existed, or maybe I am wrong, maybe she just hate Bitcoin because she is also part of the government? That must be the reason, she is smart and behaving dumb as if she doesn't understand the purpose of Bitcoin, that purpose is what brings the hate.

[Lucius]

Another reason why the government wants a crackdown on the cryptospace is it might be hard to tax because cryptocoins are easy to move and hide hehe.

The tax is paid on the profit, which means that those who bought Bitcoin and did not sell it have no reason to pay tax, unless there is some country where you have to pay tax just because you own Bitcoin? In addition, everyone who buys Bitcoin through CEX has done KYC and uses their bank accounts for deposits and withdrawals, and then it is up to the state institutions that monitor such things to catch all those who avoid paying taxes.

It is stupid to say that Bitcoin is used by those who want to avoid paying taxes, because in reality nothing can be hidden from the authorities today.

[kryptqnick]

I hope Warren won't be re-elected. The USA already has pretty harsh regulations regarding cryptos and crypto businesses like exchanges are having a hard time to adapt and remain in the USA even without Warren. I'm happy her bill received bipartisan criticism.
She is allegedly in support of holding crypto companies to the same AML standards as other companies are held to, but I suppose in practice that's not true, as the AML regulations already apply across the board and don't need to target the crypto industry specifically.

[Mate2237]

hmm not really a good look when it comes to re-election

Exactly, there should be a serious voting revolution on the election day to send her home so that she will understand the strength of the pro bitcoin users and the strength of the youth who are the lovers of bitcoin. There are some statements as a public figure you don't have to make because the public is always looking and watching at you whether you are for them or not. And from what she has said, it indicates that she is not with people whom she claims to represent in the chamber. So the people have to vote her out since she is not for their interest and for the ruling class and herself interest. The army she will be building against bitcoin might even against her. So she should be careful of what she says.

[bbc.reporter]

Another reason why the government wants a crackdown on the cryptospace is it might be hard to tax because cryptocoins are easy to move and hide hehe.

The tax is paid on the profit, which means that those who bought Bitcoin and did not sell it have no reason to pay tax, unless there is some country where you have to pay tax just because you own Bitcoin? In addition, everyone who buys Bitcoin through CEX has done KYC and uses their bank accounts for deposits and withdrawals, and then it is up to the state institutions that monitor such things to catch all those who avoid paying taxes.

It is stupid to say that Bitcoin is used by those who want to avoid paying taxes, because in reality nothing can be hidden from the authorities today.

The article also mentioned that the data was from the year 2022. This might also imply that less than 1% of people has made profit for 2022 hehehehe. That might be a more possible occurrence than 99% of people holding their coins after buying.

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

[Lucius]

~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.

[Mr. Magkaisa]

   -  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.

[majeed]

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.

[bbc.reporter]

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.

[Mauser]

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.

[Ucy]

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.

[Finestream]

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.

[ChiBitCTy]

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...

[bbc.reporter]

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.

[Poker Player]

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?