Some cryptocurrency investors were duped by a bogus letter purporting to be sent by Senator Elizabeth Warren proposing a 1% wealth tax on cryptocurrency holdings exceeding $500,000.
The letter recommended that President Joe Biden back Senator Warren’s “cryptocurrency-themed bills” aimed at improving the American financial system. However, no such letter was discovered in Warren’s official records at the time.
Warren’s silence, as well as the lack of a reaction from her office, reflect heightened tensions and an urgent need for skepticism in the cryptocurrencycurrency field.
However, she is known to be anti-cryptocurrency. She considers bitcoins to be criminal instruments since they are associated with illicit acts such as terrorism financing. Critics, including Democrats and cryptocurrencycurrency proponents, argue that her proposed legislation, the Digital Asset Anti-Money Laundering Act, is insufficient to combat money laundering.
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