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Author: Admin | 2025-04-28
Industry, introduced the “Digital Asset Anti-Money Laundering Act,” which was seen by many in the space as a burdensome over-reach.Key quote: “Crypto has become the preferred tool for terrorists, for ransomware gangs, for drug dealers, or rogue states that want to launder money,”Sen. Roger Marshall (R-Kansas)Anti-crypto credentials: Warren’s co-sponsor of the Digital Asset Anti-Money Laundering Act.Key quote: Called crypto a “national security threat” and suggested “We should be considering a pause using this as a currency.”Rep. Brad Sherman (D-California)Anti-crypto credentials: Called for an outright ban of crypto in the United States.Key quote: “Bitcoin, it’s not just for narco-terrorists anymore … it’s for tax evaders, too.”Sen. Sherrod Brown (D-Ohio)Anti-crypto credentials: Post-FTX, the chairman of the Senate Banking Committee issued a press release proudly stating that “Brown has long expressed skepticism of cryptocurrencies.”Key quote: “We can't let thousands of risky and volatile assets that are used only for speculation and sanctions evasion into our banking system, and we know that it’s a national security issue.”Sen. Jon Tester (D-Montana)Anti-crypto credentials: Expressed concerns that regulating crypto might give it legitimacy.Key quote: "I see no reason why this stuff [crypto] should exist. I really don't."Sen. Bernie Sanders (D-Vermont)Anti-crypto credentials: Worked with Warren on regulations that would make it harder for banks to engage in crypto.Key quote: “I’m not a big fan of cryptocurrencies. Clearly, they've not shown a real public purpose for their existence. They made some people rich, they made a lot of people lose money.”Final thoughtsThis list, inevitably, will keep growing as more politicians are forced to go on the record and declare their allegiances. And while crypto is perhaps not as bipartisan as its boosters would like to imagine – with Republicans more receptive, Democrats less so – it might just be bipartisan enough to actually break a gridlock. What that actually
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