The Senate is exploring crypto's use in sanctions evasion next week.
The Senate Banking Committee announced the hearing, entitled"Understanding the Role of Digital Assets in Illicit Finance" on March 11. It will take place on March 17 and featureLevin remains the sole confirmed witness. Committee staff had not responded to The Block's request for comment on more witnesses as of publication time.
Information on the hearing remains limited, but Banking Committee members have been heavily involved in recent moves on cryptocurrency. Chairman Sherrod Brown said of Biden's March 9 executive order:“It’s imperative we strengthen our financial resilience and national security right now. That includes protecting Americans from the risks of crypto to our economy and ensuring crypto can’t be used to skirt the law.
Elizabeth Warren, who also sits on the committee, is said to be working on legislation to block crypto exchanges from serving Russian users.
Source: News Formal (newsformal.com)
Help Ukraine! Please help! 0xAAdB67D472B8E390685b15b7EC83820a951f9aB8
Lots of authoritarians using Russia as yet another excuse as to why Bitcoin must be reigned in so they can solidify their hold on power as the empire dies. Do not needlessly create enemies of the state as they swim to the life raft that is Bitcoin. Embrace the change. It's coming
time to load up some shorts for ez money
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