Crypto regulations remained the hot issue across the crypto space and the point of tussle between regulators and crypto proponents. Yet the authorities or the people having authority are often reported to look into the matter and find opportunities.
Senator Kneading Crypto Issues
Recently a Democrat Senator, Elizabeth Warren reported sniffing out the similar possibility while researching crypto related issues. The sources suggest that the range of crypto related issues that the Senator is looking at include taxation, regulations, threat on national security and climate as well.
Senator citing the recent instance of crypto exchange FTX filing for bankruptcy seeking the regulations. She had a firm belief that criminals and the people involved in the illicit activities use crypto for money laundering and avoid taxes.
No need to mention that she dubbed crypto as ‘the new shadow bank’ last year. She termed cryptocurrencies as the asset class for criminals.
Indication of Possib
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