At Hearing, Warren Calls for Strong Anti-Money Laundering Protections to Prevent …

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QUORUMCALL//GPT:

WARREN’S CRYPTO CONCERNS
– Massachusetts Senator Elizabeth Warren voiced her apprehensions regarding the potential threat cyptomines pose to U.S. national security. During a Senate Banking Subcommittee hearing, she called for robust anti-money laundering protections.

THE RISK OF CRYPTOMINES
– Warren expressed worry over the potential use of cryptomines by criminals and hostile nations, which could undermine U.S. national security. She emphasized the need for a well-regulated digital currency that ensures privacy and security, while preventing illicit activities.

URGING FOR STRINGENT PROTECTIONS
– The senator urged the U.S. Treasury Department to implement stringent anti-money laundering and know-your-customer rules. She highlighted the importance of international cooperation to successfully regulate these digital assets.

TOPICS COVERED
#Cryptocurrency #NationalSecurity #AntiMoneyLaundering

NOTE
This article originates from the official website of Senator Elizabeth Warren, providing direct insights into her stance on cryptocurrency and national security.

Learn more — read the article in full here.

More Sen. Warren News

title words as hashtags: #Hearing #Warren #Calls #Strong #AntiMoney #Laundering #Protections #Prevent
source domain: www.warren.senate.gov
source link: https://www.warren.senate.gov/newsroom/press-releases/at-hearing-warren-calls-for-strong-anti-money-laundering-protections-to-prevent-cryptomines-from-undermining-us-national-security
matched content: The Official U.S. Senate website of Senator Elizabeth Warren of Massachusetts. … Senator Elizabeth Warren (D-Mass.) questioned the Honorable …
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