Massachusetts Senator Elizabeth Warren does not miss an opportunity to criticize cryptos in a virulent way. She made a statement on the subject in a Wall Street Journal opinion piece, after the collapse of FTX. She indicated that the new asset class risks ruining the US economy. Today, Elizabeth Warren decided to push an anti-crypto agenda as part of her re-election campaign. But, it seems that it does not benefit him very much.
Majority of Americans Recognize the Usefulness of Crypto
Elizabeth Warren, who recently exposed fake crypto audits, is not doing well according to the polls. It appears that his anti-crypto program did not find favor with voters. The polls reveal rather than majority of Americans see crypto as a major innovation for the future. For example, not long ago, the crypto exchange Coinbase requested a survey which was carried out on February 24. 76% of respondents said: “Cryptos and blockchain are the future“.
Digital asset management firm Grayscale Investments also requested a similar investigation. This one found that 59% of Democrats see crypto-assets as the future of finance. The same is true for 51% of Republicans.
However, the crises of 2022 were not without consequences on the trust that investors can place in cryptos. Indeed, a survey by Morning Consult revealed that it collapsed with in particular the collapses of Terra, FTX and BlockFi.
On February 14, Elizabeth Warren said she would reintroduce an AML bill she had previously championed. The project was to expand to DeFi and DAOs. Also, it implied an obligation for miners and validators to implement AML policies. Meanwhile, Politico revealed in an article that the senator is recruiting conservative Senate Republicans. These were to champion his anti-crypto cause. In this context, it has been stated that “Elizabeth Warren is building an anti-crypto army“. This expression is now particularly highlighted by the senator in the context of her re-election campaign. This earned him criticism from the crypto community on Twitter. Regarding this, the popular youtuber Coin Bureau said: “Do you think building an “anti-crypto army” will win you votes?“.
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