Senator Elizabeth Warren has been attempting to build an anti-crypto army which has sparked criticism from leaders in the crypto space. Billy Markus, co-founder of Dogecoin, recently posted a computer-generated picture of Senator Warren wearing a uniform of the US army and holding a machine gun with a group of armed soldiers as a way to express his opinion on the matter.

Just last year, Warren was part of the Senate Banking Committee that is overseeing the US Securities and Exchange Commission (SEC) regulatory agency and took part in several bills against Bitcoin and the crypto space at large. According to Warren, criminals such as drug lords and human traffickers are using crypto for money laundering activities.

Charles Hoskinson, founder of the Cardano, pro-XRP founder of CryptoLaw John Deaton, and crypto trader and podcaster Scott Melker have all sounded off in response to the forming of the “anti-crypto army”.

The reason for the sudden emergence of high profile attacks against leading crypto firms and exchanges such as the Commodity Futures Trading Commission’s lawsuit against Binance and its CEO CZ are believed to be the government making way for its own Central Bank Digital Currency (CBDC). The idea is thought to be behind the closure of large crypto friendly banks such as Silvergate, Silicon Valley Bank, and Signature Bank.

Ultimately, although the attempts of Senator Warren to form an “anti-crypto army” has been highly criticized, the move is thought to be less an attack on cryptocurrencies, but rather an effort to preface the release of a Central Bank Digital Currency. For now, it appears that it will remain one of the many points of contention in the crypto and finance sectors.



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