Senator Elizabeth Warren demanded that the crypto industry stand in line with TradFi
Elizabeth Warren once again criticized the digital asset market. The senator demands that representatives of the cryptosphere follow the same rules as the traditional finance industry.
Senator Elizabeth Warren criticized representatives of the digital asset industry for their unwillingness to follow the rules by which the traditional finance sector (TradFi) operates.
According to the politician, she is ready to cooperate with companies from the cryptosphere, but only in case of changes in their approach to doing business. Warren believes that the digital asset industry now serves as a kind of haven for individuals engaged in illegal activities.
"I want to cooperate with the industry, but I don't understand why they say that the only way to survive is to provide a place for drug dealers and human traffickers, as well as for terrorists and scammers with extortion programs," the senator said.
Warren stressed that in the United States, all participants in the financial system follow the same rules. Cryptocurrency companies should also be guided by these legal frameworks, the politician believes.
A representative of the Democratic Party said that her AML bill "On countering money laundering in the field of digital assets" is designed to correct the situation. The bill provides for the expansion of the provisions of the law "On Banking Secrecy" to a wide range of counterparties, including crypto companies.
