Elizabeth Warren slams SEC over decision to allow spot bitcoin ETFs, says crypto needs to follow anti-money laundering rules | Headlines | News | CoinMarketCap

01/12/2024 05:46
Elizabeth Warren slams SEC over decision to allow spot bitcoin ETFs, says crypto needs to follow anti-money laundering rules | Headlines | News | CoinMarketCap

Sen. Elizabeth Warren, D-Mass., slammed the Securities and Exchange Commission for approving spot bitcoin exchange-traded funds and called for …

Sen. Elizabeth Warren, D-Mass., slammed the Securities and Exchange Commission for approving spot bitcoin exchange-traded funds and called for anti-money laundering rules to be urgently applied to crypto. 

The Senate Banking Committee member, who historically has not been a fan of crypto, criticized the agency's move to approve 11 spot bitcoin ETFs in a Thursday post on X. 

"The @SECgov is wrong on the law and wrong on the policy with respect to the Bitcoin ETF decision," Warren said. "If the SEC is going to let crypto burrow even deeper into our financial system, then it's more urgent than ever that crypto follow basic anti-money laundering rules."

Warren has been pushing to advance her Digital Asset Anti-Money Laundering Act over the past year and has gained support from 19 …

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