CEO Calls for Senate Ethics Committee Investigation
The founder and CEO of the Chamber of Digital Commerce, Perianne Boring, has called for a full investigation by the Senate Ethics Committee into Senator Elizabeth Warren’s false and misleading statements about cryptocurrency. Boring made these remarks during an interview with Fox Business, where she criticized Warren for deceiving the American people and Congress on multiple fronts.
Misleading Statements on AML and Bill
Boring specifically pointed out two areas where Warren had misled the public. Firstly, Warren claimed that crypto has an anti-money laundering (AML) problem, which Boring refuted, stating that the majority of illicit finance occurs in the traditional financial system, not cryptocurrency. Boring also highlighted Warren’s Digital Asset Anti-Money Laundering Act, describing how it falsely presents itself as a solution to compliance issues, even though its requirements are impossible to implement on a blockchain.
Potential Devastation to Crypto Space
If Warren’s bill passes, Boring warned that it could have severe consequences for the crypto industry and innovation in the United States. She stressed that the legislation would effectively ban U.S. persons from using blockchain technology, leading to significant setbacks for the sector.
Call for Investigation
Boring concluded by emphasizing the importance of taking Warren’s misleading statements seriously. She called on the Senate Ethics Committee to launch a full investigation into the senator’s actions. The Chamber of Digital Commerce has also initiated a petition to stop the proposed crypto ban, gathering over 10,000 signatures at the time of writing.
Hot Take: CEO Demands Investigation into Senator Warren for False Crypto Statements
The CEO of the Chamber of Digital Commerce, Perianne Boring, has demanded that the Senate Ethics Committee initiate a full investigation into Senator Elizabeth Warren’s misleading statements about cryptocurrency. Boring criticized Warren for spreading falsehoods about crypto’s AML problem and deceptive legislation that could harm the industry. The CEO stressed the importance of taking Warren’s statements seriously and called on the committee to take action. The Chamber of Digital Commerce has also started a petition collecting over 10,000 signatures to prevent the crypto ban proposed by Warren. It remains to be seen how these developments will impact the ongoing discussions surrounding cryptocurrency regulation.
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