In 2022, Massachusetts Senator Elizabeth Warren drafted a invoice that might require cryptocurrency pockets suppliers to adjust to anti-money laundering banking guidelines. Not crypto exchanges, thoughts you, however wallets themselves. Kansas Sen. Roger Marshall joined her on the proposal as a co-sponsor.
Sadly, Marshall betrayed the populist rules on which he ran as a candidate. The invoice additionally betrayed the civil liberties and privateness rules of the progressives that Warren espouses.
JW Verret is an Affiliate Professor at George Mason Legislation Faculty. He’s a crypto-forensic CPA and likewise practices securities legislation at Lawrence Legislation LLC. He’s a member of the Advisory Board of the Monetary Accounting Requirements Board and a former member of the SEC’s Investor Advisory Committee. He additionally leads the Crypto Freedom Lab, a suppose tank combating for coverage change to protect the liberty and privateness of crypto builders and customers.
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