back to top
HomeBitcoinSenator Warren requires motion on Bitcoin’s position in drug commerce

Senator Warren requires motion on Bitcoin’s position in drug commerce

-

  • Regardless of Biden’s assist, Warren maintains an anti-crypto stance.
  • Crypto shapes political discourse and voter sentiment forward of upcoming U.S. elections. 

Regardless of Biden’s latest pro-crypto stance, Senator Elizabeth Warren stays staunchly anti-crypto. On the twenty ninth of Might, in a joint letter with Senator William Cassidy, Warren shared updates despatched in from drug companies on crypto’s position within the illicit fentanyl market. 

The letter intimately

The letter written to Rahul Gupta, Director, Workplace of Nationwide Drug Management Coverage famous, 

“We are writing to express our ongoing concerns about the role of cryptocurrency in the international fentanyl trafficking trade and to seek an update on the Biden Administration’s actions to crack down on drug traffickers’ exploitation of crypto to grow their business and launder their ill-gotten gains.” 

Warren’s letter underscores the numerous impression of illicitly produced fentanyl on rising overdose deaths in the USA. It additionally highlighted the affect of cryptocurrency in enabling the fentanyl commerce and cash laundering.

Supporting their argument with a collection of knowledge, Warren and Cassidy concluded the letter by asking particular inquiries to the Biden administration, requesting responses by 14th June. 

Supply: Warren.senate.gov

Not her first time!

This isn’t the primary time Warren highlighted her robust anti-crypto stance. On October 2023 she underlined how Hamas utilized cryptocurrency to finance its terrorist actions in the course of the Israel-Palestine battle. 

Warren's

Supply: Elizabeth Warren/X

Moreover, whereas citing a latest Authorities Accountability Workplace (GAO) report in January, she underscored how “rogue nations are using crypto to dodge sanctions and undermine our national security”.

Senator's tweet

Supply: Elizabeth Warren/X

Crypto in politics or politics in crypto?

Apparently, portraying himself as a pro-crypto chief, former president Donald Trump in his latest speech said, 

“I will keep Elizabeth Warren and her goons away from your #Bitcoin” 

This highlights how crypto has considerably impacted the 2024 presidential campaigns, main some to dub it the “Bitcoin election”.

This sentiment was strengthened by a latest survey performed by Harris Ballot on behalf of Grayscale, which emphasised, 

“Nearly a third of voters (32%) say that they are more open to learning about crypto investing or actually investing in crypto since the beginning of the year.” 

Grayscale/Harris Poll

Supply: Grayscale/Harris Ballot

 

Subsequent: Memecoin mayhem? Solana’s WIF, BONK, POPCAT see sharp declines

LEAVE A REPLY

Please enter your comment!
Please enter your name here

CAPTCHA


LATEST POSTS

NATO fearful Russia might help North Korea's missile and nuclear applications By Reuters

By Humeyra Pamuk and David Brunnstrom WASHINGTON (Reuters) - NATO is anxious about help Russia might present for North Korea's missile and nuclear applications,...

BlockDAG's Keynote 2: Surpassing ETH Forecasts & Injective

As Ethereum grapples with sustaining its value above the $4,000 mark amidst ETF approvals, its ecosystem vibrates with potential. In the meantime, Injective has seen...

FOMC triggers $600M crypto outflows: Bitcoin loses, whereas ETH beneficial properties!

Outflows from crypto funds climbed to a three-month excessive final week. Whereas BTC recorded vital outflows, inflows into ETH-backed merchandise have been above $10 million.  {Digital} asset...

Huge Apple Admissions Pioneering Consequence-Primarily based Contracting for Elite NYC Kindergarten Admissions – Blockchain Information Web site

Huge Apple Admissions revolutionizes NYC kindergarten admissions by providing outcome-based contracting. New York, New York, United States, 18th Jun 2024 – Huge Apple Admissions, a boutique...

Most Popular