Stuart Alderoty, Ripple's General Counsel, recently addressed comments made Massachusetts Senator Elizabeth Warren via Twitter. In her campaign earlier this week, she mentioned her intentions to rally an anti-cryptocurrency coalition. Alderoty warned other politicians to 'remember her 2020 Democratic campaign for presidential nomination failed miserably'.

Warren is a powerful figure within the Democratic Party and has been a driving force in advocating for stricter anti-money laundering regulations of the growing digital asset industry. According to Politico, she had been attempting to garner support from conservative Senate Republicans for her proposed cryptocurrency bill in February.

The purpose of this venture would be to limit the reach of crypto and to push for more oversight. Despite her ambitions, it is important to note that Warren’s 2020 presidential campaign did not take off as expected, causing her to drop out of the race in March.

Despite this, the Massachusetts Senator is still outspoken when it comes to the regulation of cryptocurrency. Alderoty’s tweet serves as a point of caution to any politicians looking to jump on the bandwagon in building a hostile stance against the digital asset industry.

It is unclear if Warren's motion will be successful but it is safe to say that Alderoty’s words have drawn attention to the inevitable debate on whether it is in the best interest of lawmakers to stand against the crypto market. As more politicians express their thoughts on crypto regulations, the ongoing public dialogue will come to a head to decide the fate of the developing digital asset.



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