Senator Warren urges Trump’s Treasury pick to consider stricter crypto regs
One crypto executive speculates Warren’s letter is a veiled attempt to justify an expansion of regulation against “neutral crypto technology providers.”
US Senator Elizabeth Warren has penned an open letter to US President-elect Donald Trump’s pick to lead the US Treasury, urging him to evaluate stricter regulations and enforcement measures for digital assets if he takes office.
In the Jan. 12 open letter, Warren asked Treasury Secretary-designate Scott Bessent if the Treasury Department should have more power to sanction the crypto sector.
“Should AML/CFT and sanctions programs include risk-based provisions reasonably designed to prevent money laundering or terrorist financing involving digital assets,” wrote Warren, who is soon to be the top Democrat on the Senate Banking, Housing and Urban Affairs Committee.
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Author: Stephen Katte
