Democratic Senator Elizabeth Warren, who has long been known for her stance against cryptocurrencies, publicly criticized the decision of the US Securities and Exchange Commission (SEC) to approve a Bitcoin futures ETF today, and called for anti-money laundering regulations to be applied to cryptocurrencies as soon as possible. Warren stated on the X platform:
According to previous reports by Zombit, Warren has been pushing for the Digital Asset Anti-Money Laundering Act, which aims to require cryptocurrency service providers (such as wallet providers, miners, and validators) to comply with the same regulations as banks. In addition to implementing KYC measures for users, the bill even requires miners or validation nodes to obtain remittance licenses.
While Warren is dissatisfied with the decision to approve the Bitcoin ETF, other US legislators who are relatively friendly towards cryptocurrencies have expressed their support for the SEC’s decision. Republican Senator Cynthia Lummis from Wyoming stated on X:
Furthermore, Patrick McHenry, the Republican Chairman of the House Financial Services Committee in North Carolina, also praised the SEC’s decision and called for continued legislative efforts:
