Democratic Senator Elizabeth Warren, known for her opposition to cryptocurrencies, publicly criticized the U.S. Securities and Exchange Commission’s approval of a Bitcoin futures ETF decision today, and called for anti-money laundering rules to be applied to cryptocurrencies as soon as possible. Warren stated on X platform:
According to a previous report by Zombit, Warren has been pushing for the “Digital Asset Anti-Money Laundering Act,” which aims to require cryptocurrency service providers (such as wallet providers, miners, and validators) to follow the same regulations as banks. In addition to implementing KYC for users, the act even requires miners or validation nodes to obtain a money transfer license.
While Warren is unhappy with the decision to approve a Bitcoin ETF, other U.S. legislators who are relatively friendly towards cryptocurrencies have expressed support for the SEC’s decision. Republican Senator Cynthia Lummis from Wyoming stated on X:
Furthermore, Patrick McHenry, Republican Chairman of the House Financial Services Committee in North Carolina, also praised the SEC’s decision and called on Congress to continue pushing for legislation: