Elizabeth Warren, the US Senator known for her strong opposition to cryptocurrencies and Bitcoin (BTC), has received criticism from industry insiders who believe her motivations extend beyond concerns about "illicit finance." Sen. Warren's Agenda for CBDC Supremacy Exposed in War on Bitcoin
Two prominent figures in the crypto industry, Sam Lyman, Director of Public Policy for Riot, a Bitcoin mining company, and Caitlin Long, Founder of Custodia Bank, have provided insights into what they perceive as Warren's underlying intentions in her campaign against Bitcoin and other cryptocurrencies.
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Plot To Destroy Bitcoin In Favor Of CBDCs?
Lyman asserts that Warren's ultimate goal is to dismantle Bitcoin and pave the way for the introduction of a Central Bank Digital Currency (CBDC). He points to Warren's focus on combating crypto money laundering and her introduction of the Digital Asset Anti-Money Laundering (AML) Act as evidence of her underlying agenda.
Lyman argues that if Warren's bill is passed, it would impose significant burdens on miners, validators, and wallet providers, potentially crippling the cryptocurrency industry within the United States.
According to Lyman, Warren's enthusiasm for a CBDC became evident when she "let her guard down" during an interview, which coincided with the month she introduced the crypto AML legislation.
Lyman suggests that these two aspects are closely linked, indicating Warren's support for a government-controlled digital currency.
Warren’s Control Over Financial Appointees
Lyman's assertions are supported by Caitlin Long, who responded to his statement on X (formerly Twitter) by suggesting that Warren's control over financial services appointees within the Biden Administration is part of her plan to facilitate the rollout of a US Central Bank Digital Currency (CBDC), which she refers to as "Operation ChokePoint2.0." Long claims that this information has been widely known in Washington, D.C. since January.
Experts in the industry argue that Warren's proposed anti-crypto legislation and her influence over financial services appointees are steps towards her ultimate goal of eliminating competition and establishing a government-backed digital currency.
Lyman and Long caution that those who support Warren's Anti-Money Laundering (AML) bill should be aware that they are endorsing the initial step towards implementing a CBDC.
As pointed out by Lyman and Long, Warren's opposition to Bitcoin and the crypto industry raises concerns about the impact on innovation and the potential relocation of crypto-related businesses from the United States.
As the debate continues, stakeholders will closely monitor the actions and intentions of influential figures like Elizabeth Warren, recognizing that the future of cryptocurrencies hangs in the balance.
The progress of Warren's legislation and its implications for the future of cryptocurrencies in the country are yet to be determined.
As of the current moment, Bitcoin, the dominant cryptocurrency in the market, is being traded at a value of $36,500. This indicates a slight increase of 0.4% within the past 24 hours.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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