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The US senator’s bill against crypto currencies met with negative reactions

On Thursday, Massachusetts Sen. Elizabeth Warren finally submitted her controversial bill to the US Senate. The bill aims to limit Russian investors’ access to crypto currencies to prevent sanctions from being circumvented. “We can not allow Putin and his friends to hide their wealth and circumvent economic sanctions using crypto currencies,” Warren tweeted. The bill has many critics. On the day of the announcement, the Washington, D.C.-based think tank said the vague language of the law “imposes broad restrictions on the crypto currency ecosystem under the pretext of tightening sanctions against Russia for its unwarranted invasion of Ukraine.” coin Center also called the bill “unnecessary, widespread and unconstitutional.”

source: decrypt

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