- Elizabeth Warren sent a 31-paged letter to Treasury secretary nominee Scott Bessent.
- Warren is widely known for her anti-crypto stance that is exhibited in her actions.
The Asian crypto community has once again woken to a price consolidation in the market. Bitcoin has docked firmly at the $94K level causing anticipations among members. Meanwhile, JP Morgan’s recent investment in the cryptocurrency has caught the spotlight sparking discussions in our sector. On the other hand, the political-crypto landscape is staging quite the activity today.
Notably, anti-crypto Senator Elizabeth Warren has sent a letter that includes numerous cryptocurrency-related questions. This letter is addressed to Scott Bessent, the Treasury Secretary nominee, on whose nomination Warren plans to pose the question.
According to Fox Business reporter, Eleanor Terret’s X post, the anti-crypto Senator’s 31-page letter’s questions will be answered during the confirmation. Otherwise, Bessent will respond to it later in writing.
Secondly, in the letter, Elizabeth Warren discusses the deregulation of the financial sector and other tax outlines of the new administration. She also poses questions related to Tether, USDT, and stablecoin regulations in particular.
What is Elizabeth Warren’s History with Crypto?
During the US elections, the Senator competed with pro-crypto member John Deaton and won the elections. Warren has expressed strong negativism towards crypto and has also vetoed several crypto-positive bills in the Senate House.
Moreover, Warren and Deaton also had a debate recently days before the elections in October. She was also one of the strong contenders in passing the anti-money laundering compliance bill in crypto.
Relatedly within the aforementioned letter Warren outlined crypto questions under the “Anti-money laundering” category. She also discussed the SEC in the letter. These sentiments have earned Warren quite a negative outlook within the crypto community. However, her advances towards the sector and ‘intensifying regulations’ attitude have remained undeterred.
Meanwhile, Scott Bessent, a prominent investor is known for his optimistic attitude towards digital currencies adoption. He is also acclaimed for his experience in the financial sector and has been known to widely advocate cryptocurrency.
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