With the US election almost here, it has become necessary to highlight the top US politicians who oppose cryptocurrency in the country. This is important, considering that the crypto industry’s fate in the country could depend on whether these individuals are elected.
Top Five Politicians Opposing Cryptocurrency In The US
The top five politicians opposing crypto in the US include Senator Elizabeth Warren, Senator Sherrod Brown, Senator Lindsey Graham, Senator Bernie Sanders, and Congressman Brad Sherman. These politicians have made their anti-crypto stance known at one point or the other. Given their positions, these anti-crypto politicians could negatively impact any crypto bill the US Congress deliberates on.
Elizabeth Warren Leads The Pack
Senator Elizabeth is arguably the US politician who has been the most vocal against cryptocurrencies. Her anti-crypto stance led her to propose the controversial Digital Asset Anti-Money Laundering Act (DAAMLA). This bill aimed to bring the crypto industry under the country’s existing anti-money laundering and counter-terrorism financing framework.
The Senator is among individuals who believe that crypto assets are mainly used to finance illicit activities. DAAMLA also proposed subjecting crypto service providers to the Bank Secrecy Act, including decentralized wallet providers, validators, and miners.
Warren’s anti-crypto looks to be one of the primary reasons pro-XRP…
