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In 2022, Massachusetts Senator Elizabeth Warren authored a invoice that may require cryptocurrency pockets suppliers to adjust to financial institution Anti-Cash Laundering guidelines. Not crypto exchanges, thoughts you, however the wallets themselves. Kansas Senator Roger Marshall joined her on the proposal as a co-sponsor.
Sadly, Marshall betrayed the populist ideas he ran on as a candidate. The invoice additionally betrayed the civil liberties and privateness tenets of progressivism that Warren espouses.
J.W. Verret is an affiliate professor on the George Mason Legislation College. He’s a training crypto forensic accountant and likewise practices securities regulation at Lawrence Legislation LLC. He’s a member of the Monetary Accounting Requirements Board’s Advisory Council and a former member of the SEC Investor Advisory Committee. He additionally leads the Crypto Freedom Lab, a suppose tank combating for coverage change to protect freedom and privateness for crypto builders and customers.
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