News list for " warren inquiry"
On March 7th, according to Axios, on the morning of the White House's first digital assets summit day, Senator Elizabeth Warren sent a critical letter to the government's head of cryptocurrency and artificial intelligence, David Sacks, known as the crypto czar. Senator Warren believes that the deeper the federal government supports the blockchain industry, the more it will drive up the value of existing holders, which creates conflict of interest issues for officials who make these policies. The...
In an open letter dated January 12, Warren asked former Treasury Secretary Scott Bessent whether the Treasury Department should have more authority to sanction the cryptocurrency industry. "Should AML/CFT and sanctions programs include reasonably designed risk-based provisions to prevent money laundering or terrorist financing involving digital assets," wrote Warren, who is about to become the top Democrat on the Senate Banking, Housing and Urban Affairs Committee.
