• Elizabeth Warren: regs needed to "reduce the use of crypto by terrorists and drug traffickers"

  • Feb 1 2025
  • Length: 3 mins
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Elizabeth Warren: regs needed to "reduce the use of crypto by terrorists and drug traffickers"

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  • Who?Sen. Elizabeth Warren (D-MA) — Senate Banking & Finance CommitteesLISTEN: Laslo & WarrenAsk a Pol asks:What do you think about the incoming Trump administration’s new tone on crypto?Key Warren:“I keep wondering when someone's going to explain what crypto rules they plan to put in place to reduce the use of crypto by terrorists and drug traffickers,” Sen. Elizabeth Warren exclusively tells Ask a Pol. “So far, I'm just not hearing anything.”ICYMI — Crypto regulation has been in motion in 2024Caught our ear:“I don't have any problem with people who want to buy and sell crypto,” Warren tells us. “But putting in a handful of rules that suggest to the American people that trading crypto is safe at the same time that defrauding people is still easy, creates a real problem.”Below find a rough transcript of Ask a Pol’s exclusive interview with Sen. Elizabeth Warren (D-MA), slightly edited for clarity.TRANSCRIPT: Sen. Elizabeth WarrenSCENE: Ask a Pol’s Matt Laslo runs into Sen. Warren in the basement of the US Capitol before proceeding to hop on her elevator as she heads to the Senate floor to vote. Matt Laslo: “Hey, ma’am.”Elizabeth Warren: “How you doing?”ML: “Curious your thoughts on this new tone on crypto from the incoming administration?”EW: “Well, I keep wondering when someone's going to explain what crypto rules they plan to put in place to reduce the use of crypto by terrorists and drug traffickers.”ML: “Yeah?” EW: “So far, I'm just not hearing anything.”ML: “And are you — I mean, how were you and what can you do to change that conversation? Because it seems like the Trumps are now invested and all-in, seemingly.”EW: “I don't have any problem with people who want to buy and sell crypto.”ML: “Yeah?” EW: “And putting rules in place that give Americans more confidence when they do that can be a good idea, so long as those rules are meaningful. But putting in a handful of rules that suggest to the American people that trading crypto is safe at the same time that defrauding people is still easy, creates a real problem.”Support our independent journalism, please! Find us on Venmo, PayPal, Cash App — or just buy us a beer!ML: “You probably missed it, but 60 Minutes had a segment on crypto?”EW: “No, I didn't. I'll have to look.”ICYMI — Sen. Lummis begs to differ with Ms. WarrenML: “Well it’s interesting, it looked back at the election and they were kind of flexing, and now they're like, ‘Hey, we got $100 million going into the midterms’ that they're already kind of holding over lawmakers. EW: “Yep, I gotta —ML: “But they had seemed to…”EW: “I gotta go.”Warner darts for the Senate floor. Bloomberg reporter: “Is there anything you want to…”Warren breezed past him and entered the Senate chamber. Andrey Beregovskiy contributed to this report. What should we ask lawmakers this week? Let us know!Content posted at AskaPolcrypto.com is copyrighted. Use our original content to move the story forward. And, please, link to us. Get full access to Ask a Pol crypto at www.askapolcrypto.com/subscribe
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