Warren Slams SEC Approval of Bitcoin ETFs, Says Crypto Needs More Regulation
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Senator Elizabeth Warren criticized the SEC's approval of spot Bitcoin ETFs, saying the regulator was "wrong on the law and wrong on the policy."
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Warren said that if crypto is going to "burrow deeper into our financial system," it needs to follow anti-money laundering rules.
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The SEC approved the ETFs after a court order forced it to review Grayscale's application, finding its previous denial "unlawful."
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Warren has repeatedly linked crypto to money laundering and terrorist financing, sponsoring a bill to expand KYC requirements in crypto.
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The bill has been criticized as an "assault on cryptocurrency self custody" by groups like Coin Center.