elizabethwarren

Changpeng Zhao (CZ), the former CEO of Binance, one of the largest cryptocurrency exchanges in the world, has publicly threatened to sue U.S. Senator Elizabeth Warren for defamation. This confrontation marks a new phase in the ongoing conflict between the crypto industry and American regulators, highlighting the growing tension and differing views on the future of digital assets.

📌 Once a strong critic of crypto, Senator Elizabeth Warren now wants to collaborate with Trump to protect cryptocurrency companies from being denied service by banks.
🏦 "Debanking" – A Real Issue?
In a hearing in the U.S. Senate on Wednesday, #ElizabethWarren , one of the longest-standing crypto opponents, surprised many by speaking out against banks denying services to cryptocurrency companies – also known as "debanking."

Senator #ElizabethWarren and Representative Jake Auchincloss recently sent a letter requesting federal regulators to investigate meme coins named Trump and Melania, which were launched on the Solana platform before Donald Trump's second inauguration. Both officials expressed concerns about potential conflicts of interest, risks to consumers, and potential impacts on national security from these cryptocurrencies.

Tensions between the crypto world and U.S. lawmakers are rising again. David Sacks, a prominent figure in the crypto industry and advisor to the Trump administration, has publicly accused Senator Elizabeth Warren of hostility toward digital assets.

🔹 Sacks: Warren Hates the Crypto Community
David Sacks recently launched a sharp attack on Senator Elizabeth Warren. According to him, the Democratic politician "for some reason hates the crypto community" and is actively trying to push crypto innovation out of the U.S. Sacks warned that this would be a disastrous mistake for the American economy and its technological leadership.
He emphasized that cryptocurrencies represent the future of the global financial system and that the U.S. must play a leading role — not surrender the initiative to other countries.

🔹 Warren: Conflicts of Interest and Crypto Profits?
Senator Warren has long been skeptical of cryptocurrencies and has repeatedly questioned the transparency of David Sacks’s role in the Trump administration. In an official letter dated March 6, she urged him to prove that he was not personally profiting from policy decisions favoring specific crypto projects or weakening oversight.
She noted that Sacks had previously claimed to have sold his holdings in Bitcoin, Ethereum, and Solana before assuming his government role — but demanded detailed documentation of these transactions, including timing and terms.

🔹 Controversial Investments: Bitwise and Multicoin Capital
Her critique extended to Sacks’s investment firm, Craft Ventures, and its stake in Bitwise Investments. Sacks responded that the position was relatively minor — valued at $74,000 — and had been sold on January 22. He also confirmed selling his stake in the crypto-focused fund Multicoin Capital.
Still, Warren pressed for more information on how potential conflicts of interest were addressed, and whether safeguards were in place to prevent individuals close to the president from personally profiting from rising crypto values.

🔹 Ethics and Oversight Questions
Warren further asked whether Sacks had filed a financial disclosure with the Office of Government Ethics and what specific measures the White House had implemented to ensure that crypto policy advisors comply with federal conflict-of-interest rules.
She also harshly criticized the SEC for withdrawing lawsuits against major crypto firms including Coinbase, Robinhood, and Kraken. In her view, the claim that most memecoins are not securities could dangerously benefit speculators — including Trump's official token.

🔹 Warren Sounds the Alarm: Crypto as a National Security Threat
During a Senate Armed Services Committee hearing, Warren warned that weak crypto regulation poses a national security risk. She argued that rogue nations are exploiting digital assets to bypass sanctions and launder money, generating millions of dollars annually through crypto intermediaries.
She cited intelligence reports indicating that over 50% of North Korea’s foreign currency income now comes from crypto-related activity.
“Any action Congress takes to legitimize and grow the crypto market must include strong safeguards, so we don't increase opportunities for Iran and other adversaries to profit.” – Elizabeth Warren

🔹 Trump's Stablecoin and Warren’s New Battlefront
Warren also attacked the proposed stablecoin legislation and accused Donald Trump of using it to advance his own financial interests. She pointed to his emerging project World Liberty Financial, which is launching the USD1 stablecoin on Ethereum and BNB Chain.
In Warren’s view, such initiatives only benefit wealthy insiders, while everyday American families are left exposed and unprotected.

🧠 Summary
The clash between David Sacks and Elizabeth Warren highlights a growing divide between the tech sector and segments of the U.S. political establishment. While Sacks champions crypto as a driver of innovation, Warren warns of security threats and financial manipulation. The battle over crypto policy is no longer just about economics — it’s a political showdown that could shape the future of the entire industry in the United States.

What do you think? Should the U.S. support the crypto industry or crack down with strict regulations?

#DavidSacks , #ElizabethWarren , #cryptocurrency , #bitcoin , #CryptoNewss

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Senator Elizabeth Warren of Massachusetts is raising serious concerns about the CLARITY Act, warning that the proposed legislation poses a threat to the stability of the U.S. economy. In her latest statement, she called on the federal government to ensure that cryptocurrencies are not misused in ways that could undermine the nation’s financial system.
Warren pointed out that the bill includes a provision that would allow companies listed on the New York Stock Exchange (NYSE) to sidestep regulation by the Securities and Exchange Commission (SEC) simply by migrating to a blockchain. According to her, this loophole could result in massive deregulation, allowing corporations to evade oversight entirely.

🔹 Warren Sounds Alarm on Token-Based Fundraising

She further expressed concern that the bill would allow projects to raise capital through token sales while avoiding SEC scrutiny. This, she argues, could lead to a surge in unregulated corporate fundraising and weaken investor protections.
SEC Commissioner Hester Peirce acknowledged that tokens should still fall under securities laws in many cases. She emphasized the need for regulation when projects raise public funds and retain centralized control.
“Under the House proposal, a publicly traded company like Meta or Tesla could just move their shares onto a blockchain and – poof – no more SEC oversight. That’s a serious risk for our country,” Warren said.

🔹 Ripple and Others Highlight Risks

Ripple CEO Brad Garlinghouse reminded lawmakers that over 55 million Americans are now involved in crypto, with the market reaching a valuation of $3.4 trillion. He emphasized the need for a clear regulatory framework to ensure the sector's sustainable future.
The consumer advocacy group Americans for Financial Reform (AFR) also criticized the legislation, arguing it reduces the SEC’s ability to protect everyday investors. They claim the CLARITY Act is even more deregulatory than the previously debated FIT21 bill.

🔹 More Lawmakers Join in – Senate Vote Still Pending

Representatives Maxine Waters and Angie Craig also raised objections, saying the legislation weakens the SEC’s authority. Critics believe the bill favors crypto firms over retail investors and may lead to a lack of accountability.
Despite the pushback, the CLARITY Act has already passed through the House Agriculture and Financial Services Committees. However, it still faces an uncertain future in the Senate.

🔹 Crypto Week Highlights: CLARITY, GENIUS, and Anti-CBDC Bills

The bill took center stage during Washington’s “Crypto Week,” where lawmakers also advanced the GENIUS Act and the Anti-CBDC bill through procedural votes. These legislative developments reflect the growing influence of crypto on U.S. policy.
The Anti-CBDC bill aims to block the Federal Reserve from implementing a central bank digital currency (CBDC). In 2022, the Fed outlined the pros and cons of such a currency, but the bill now seeks to stop the initiative outright. Congressman Andy Harris revealed that lawmakers are considering integrating CBDC restrictions into the CLARITY Act itself.

🔹 Trump, Crypto, and Democrat Pushback

Representative Maxine Waters has called the GENIUS and Anti-CBDC bills part of Trump’s agenda to boost the crypto industry. Critics, including Warren and former White House ethics lawyer Richard Painter, have voiced concern over Trump’s involvement in digital assets. Reports indicate that his crypto investments have boosted his portfolio by roughly $620 million.

#ElizabethWarren , #SEC , #DigitalAssets , #CryptoNews , #USPolitics

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“