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Senator Elizabeth Warren expressed concern that New laws related to cryptocurrencies may give an unjust financial advantage to President Donald Trump.
She claimed that recent legislation could help Trump’s family business, which is active in the Krypto industry and is allegedly supported by large quantities of foreign funding.
IN appearance on Morning Joe MSNBCWarren claimed that The crypto industry had too much influence in shaping its own rules.
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She stated:
We need a regulation that limits corruption and the ability of the chosen officials to trade in it, which also limits the possibility of economics to develop a crypto.
Boot pointed to an ingenious actWhat has already passed, And the law of claritywhich is still reviewed. She said they reflected the growing pressure of the crypto lobbyist and had no strong protection against abuse.
Her main concern focuses on the financial involvement of Trump family through world freedom Financial. Warren noted that without stronger surveillance there was a risk that personal business interests could affect national policy.
She claimed yes The connection between public power and private gain must be resolved before undermining public confidence.
According to Warren, the current crypto surveillance system is not strong enough. She described the rules as “weak, weak restrictions” because criminals leave room for abuse, including those involved in terrorism or drug trade.
Recently, US senators, including Warren, invited the Valute Supervisor’s Office (OCC) to address the potential conflict of interest involving the president Trump Crypto currency. What did they say? Read the whole story.
