War On Bitcoin: Sen. Warren’s Covert Agenda For CBDC Supremacy Exposed
Summary
US Senator Elizabeth Warren has been accused by cryptocurrency industry insiders of trying to dismantle Bitcoin to make way for a Central Bank Digital Currency (CBDC). Critics, such as Sam Lyman of Bitcoin mining company Riot, claim that Warren’s introduction of the Digital Asset Anti-Money Laundering (AML) Act is an effort to cripple the cryptocurrency industry in the US, rather than to combat money laundering as stated. Long echoes these claims and both warn that supporting Warren's AML bill may lead to the implementation of a government-backed digital currency. It has yet to be seen how the legislation will take shape and what the potential effects will be on the future of cryptocurrencies in the US.
