Crypto Expert Backs Warren's Anti-Crypto Bill, But Legislation Faces Hurdles
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Cybersecurity expert Steve Weisman endorses Senator Elizabeth Warren's proposed anti-crypto legislation, saying it would help cut down on scams.
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Weisman notes the legislation is "long overdue" and says crypto mixers that provide anonymity are a major issue.
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The bill would effectively ban activities like crypto mining and staking in the U.S., according to policy officer Jake Chervinsky.
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Warren is having trouble finding co-sponsors for the legislation proposed in December 2022.
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The bill does little to actually combat illicit finance, according to Chervinsky, while banning legitimate crypto activities.