US Senator from Massachusetts Elizabeth Warren is making her “anti-crypto” agenda a centerpiece of her re-election campaign, despite polls suggesting most Americans think crypto it is a key innovation for the future.
In a March 30 tweet, Warren suggested she was fighting to put “government on the side of working families,” prominently quoting a Politico headline that read, “Elizabeth Warren is building an anti-crypto army.”
The ‘Pro-crypto Army’ took to Twitter to criticize the Senator. Popular YouTuber Coin Office ridiculed the strategy, saying: “Imagine thinking that building an ‘anti-crypto army’ will win you votes?” while crypto advocate Lord TJ He suggested that the stance will “push innovation abroad.”
While the Senator no doubt has access to her own private poll on the issues, recent polls commissioned by the industry suggest that the position will not win votes among the majority of the population.
On a February 24 survey Commissioned by cryptocurrency exchange Coinbase, 76% of the representative sample believed that “cryptocurrency and blockchain are the future.”
A survey commissioned by digital asset management firm Grayscale Investments in November 2022 shared similar sentiments, with interesting responses. suggestion that 59% of Democrats consider cryptocurrencies to be the future of finance. That’s more than the 51% of Republicans who said the same thing.
To Warren’s credit, however, crises of 2022 such as the BlockFi, FTX and Terra Luna crashes have weighed heavily on crypto sentiment among the public, with a recent Morning Consult poll finding that confidence in cryptocurrencies there was collapsed in the course of the year.
The phrase “Elizabeth Warren is building an anti-crypto army” first appeared in a Feb. 14 Politico. articlewhich he claimed he was “starting to recruit conservative Senate Republicans to his anti-crypto cause and getting some positive vibes from bank lobbyists.”
Related: Elizabeth Warren is Lobbying the Senate to Ban Her Crypto Wallet
However, the senator seems to have liked the phrase, considering that she has highlighted it in her re-election campaign.
Warren has long been a vocal critic of cryptocurrencies, even suggesting that it will wreck the economy in a Wall Street Journal op-ed shortly after the crash of cryptocurrency exchange FTX.
On February 14, Warren vowed to reintroduce an anti-money laundering (AML) bill he had previously pushed for, which would extend to decentralized finance (DeFi) and decentralized autonomous organizations (DAOs), while requiring wallets, miners and validators to implement AML policies.
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