{"id":134192,"date":"2024-07-27T09:30:02","date_gmt":"2024-07-27T06:30:02","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134192"},"modified":"2024-07-27T02:12:11","modified_gmt":"2024-07-26T23:12:11","slug":"senator-elizabeth-warren-doubles-down-on-crypto-criticism-amid-loss-of-support","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/senator-elizabeth-warren-doubles-down-on-crypto-criticism-amid-loss-of-support\/","title":{"rendered":"Senator Elizabeth Warren Doubles Down on Crypto Criticism Amid Loss of Support"},"content":{"rendered":"<p>On July 25, during a Senate Committee on Banking, Housing, and Urban Affairs hearing, Warren raised alarms about the national security risks posed by foreign-owned crypto mining operations.<\/p>\n<p>Warren <strong><a href=\"https:\/\/www.warren.senate.gov\/newsroom\/press-releases\/at-hearing-warren-calls-for-strong-anti-money-laundering-protections-to-prevent-cryptomines-from-undermining-us-national-security\" rel=\"nofollow\">argued<\/a><\/strong> that these operations could be exploited by foreign entities to monitor US military activities and jeopardize the nation\u2019s energy infrastructure. She described these mining facilities as environmentally damaging and prone to causing power grid failures due to their high energy consumption.<\/p>\n<p>The senator also expressed concerns about how foreign buyers use cryptocurrencies to acquire mining operations in the US, bypassing traditional financial regulations. She cited a case where a Chinese investor used digital assets to secretly purchase a $6 million mining site in Texas.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-134177\" href=\"https:\/\/cryptodnes.bg\/en\/luna-classic-community-criticizes-etoro-for-delisting\/\" title=\"LUNA Classic Community Criticizes eToro for Delisting\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/06\/luna-2.png\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">LUNA Classic Community Criticizes eToro for Delisting<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Warren is advocating for tighter anti-money laundering laws to address these issues, but her efforts face diminishing support. Republican Senator Roger Marshall recently withdrew his backing from the Digital Asset Anti-Money Laundering Act (DAAMLA), a bill he co-sponsored with Warren in 2022. This leaves 18 lawmakers in favor of the bill. Critics argue that the legislation could stifle the growth of the crypto sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Senator Elizabeth Warren has continued her vocal opposition to cryptocurrencies, despite losing some of her legislative backing.<\/p>\n","protected":false},"author":3,"featured_media":48076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[424],"coin_category":[],"class_list":["post-134192","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-crypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Senator Elizabeth Warren Doubles Down on Crypto Criticism Amid Loss of Support<\/title>\n<meta name=\"description\" content=\"Senator Elizabeth Warren 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