The Australian info U.S. Senator Elizabeth Warren (D-Mass.) hasactually called for the nation’s Bank Secrecy Act to be upgraded to address the “threat” of crypto. “What we requirement to do is we requirement to upgrade it onceagain because there’s a brand-new hazard out there. It’s crypto,” Warren informed CNBC Squawk Box, declaring that cryptocurrency is utilized for terrorist funding and drug trafficking. She included that North Korea hasactually utilized crypto to “pay for about half of its nuclear weapons program,” restating a claim she made at a Senate banking committee hearing earlier this week. “We can’t enable that to continue,” she stated. Warren doubled down on her call for higher oversight of the crypto market in a tweet, specifying that implementing anti-money laundering guidelines versus crypto was “common sense & vital,” and a matter of nationwide security. “When it comes to banking policy, I wear’t normally concur with the CEOs of multi-billion dollar banks,” she stated, referencing Jamie Dimon’s statement throughout this week’s Senate banking committee hearing, in which the JP Morgan CEO stated that he was “always opposed to crypto,” and advised the federalgovernment to “close it down.” The Bank Secrecy Act needs U.
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