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The narrative now is that Crypto is a national security imminent risk, and Elizabeth Warren is one of the people leading the charge.

All Cryptocurrencies

by COINS NEWS 111 Views

Yesterday, it became public a bill from senator Elizabeth Warren to regulate and enforce total KYC in the crypto ecosystem. Whatever you are: Node, Validator or custodial/non-custodial wallet, you MUST have passed a KYC verification in order to be able to operate in this space.

This obviously is justified as AML and anti-drug trafficking prevention and so on, just like when they say that bitcoin is only used for drugs, criminal stuff and terrorism.

This is now more actively talked and enforced since the total collapse of FTX, giving them even more reasons to push regulations in a more restrictive way, so it won't be an easy fight against zero privacy proponents like E. Warren.

Here's a link of a snippet of that bill if you are interested:

https://twitter.com/RyanSAdams/status/1603052999282147328

submitted by /u/BlueJotas
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