In a July 2021 interview, Massachusetts Senator Elizabeth Warren likened crypto regulation to the drug regulation initiatives of a century in the past, which she claimed put an finish to the sale of “snake oil” and laid the premise for the creation of the trendy drug trade. This mirrored her earlier statements in regards to the digital forex market resembling the “Wild West,” which makes it a poor funding in addition to an “environmental catastrophe.” Together with her newest invoice within the Senate pipeline concentrating on Russian actors’ potential use of crypto to avoid United States sanctions, it’s honest to ask: Is the navy battle in Ukraine merely an excuse for Warren to behave on her long-standing distaste for digital property?

From the ivory tower to Capitol Hill

Senator Warren shouldn’t be a typical Democrat, having been a conservative for a lot of her life. The overall thought behind a whole lot of the concepts she presents hearkens again to the progressive period, when America’s conventional center class discovered itself pitted towards the well-lobbied pursuits of huge enterprise and turned to regulation to formalize the nationwide economic system.

Solely enterprise regulation, nothing private

Civil forfeiture: An unpleasant precedent

Excuse to focus on crypto?