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Senator Warren Hits Out at Crypto Again, Says Industry Needs to Follow the Same Rules as TradFi
Warren reiterated her disdain for the industry in an interview.
Updated Mar 8, 2024, 10:16 p.m. Published Feb 28, 2024, 7:12 a.m.
- Warren said that crypto would need to fall in line with the rest of the U.S. financial sector.
- The senator’s anti-money-laundering bill, which would bring the Bank Secrecy Act to crypto, is awaiting approval.
U.S. Sen. Elizabeth Warren (D–Mass.) has called out the crypto industry yet again, saying they are reluctant to follow the rules.
"I wanna collaborate with the industry, what I don't understand is why the industry seems to be saying that they only way that they can survive is if there's plenty of space for the drug traffickers and the human traffickers, oh and the terrorist, and the ransomware scammer, and the consumer scammers," said Warren in an interview with Bloomberg Television.
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Warren said that in the U.S. financial system, everybody follows the same rules and crypto needs to fall in line with those rules.
The Democrat referred to her “Digital Asset Anti-Money Laundering Act” bill, which would bring anti-money-laundering requirements to various crypto players, including miners, validators, wallet providers and others.
The staunchly anti-crypto senator introduced the bill last year and initially garnered some support. However, the bill has hit a few roadblocks as the Senate Banking Committee has been busy with other matters.
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Yang perlu diketahui:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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CFTC's acting chief Pham poised to go to crypto firm MoonPay once Mike Selig lands
The leader of the derivatives regulator is planning to join the crypto industry as the CFTC and other federal regulators work on policies to benefit the sector.
Yang perlu diketahui:
- Commodity Futures Trading Commission Acting Chairman Caroline Pham confirmed again that she's heading to crypto firm MoonPay when the Senate confirms her replacement and he's sworn in.
- President Donald Trump's CFTC chair nominee Mike Selig was set for a Senate vote Wednesday evening, according to that chamber's schedule.
- Selig, currently an SEC official, would arrive at the CFTC just as several of Pham's crypto initiatives have gone live.
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