Regulation
Crypto Industry Steps Up Attacks on Warren’s Anti-Crime Bill
- Trade group concerned bill to advance; says it is ‘unworkable’
- Warren has said sector trying to undermine bipartisan measure
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The crypto industry is ramping up attacks on anti-crime legislation from Senator Elizabeth Warren, arguing that its passage would effectively kill the sector in the US.
“This bill, if passed, will erase hundreds of billions of dollars in value for US startups and decimate the savings of countless Americans invested in this asset class legally,” Perianne Boring, the founder and chief executive officer of the Chamber of Digital Commerce trade group, said in a letter Tuesday to Senate Banking Committee Chair Sherrod Brown.