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The US Senator and cryptocurrency critic Elizabeth Warren announced his offer to the president in 2020, according to the New York Times report on December 31st. Following the announcement, Senator Warren has made plans to visit the state of Iowa, which is home to the first presidential caucid in the country in February 2020.
Warren is a senior US Senator from Massachusetts and has served in the Senate since 2013. The senator is known for his criticisms of cryptocurrencies, having repeatedly expressed concern that consumers of cryptocurrency could be harmed by scams. initial offers for coins (ICO). crypto is "easy to steal".
Speaking at an audition of the Senate Banking Committee in October, Warren said that "the challenge is how to cultivate productive aspects of the crypt with consumer protection". The senator also pointed out that American consumers fall victim to cryptocurrency scammers. Senator Warren reiterated his critical position in November, stating:
"It's American families who end up paying the price when some authority says we're more interested in Wall Street." What I think is we need a [Federal Reserve] who is busy looking at where the risk accumulates in the system. This is the work of the Fed – this is not the work of American families ".
The regulation of the cryptocurrency space is a matter of great concern for operators in the sector. Today, venture capital investor Fred Wilson wrote in a post on his blog that he is particularly concerned about "actions brought by misguided regulators who will target high-quality projects and harm them".
Wilson also suggested that Donald Trump will be indicted and removed from the White House by the end of 2019 following a report to be issued by Robert Mueller outlining a history of illicit activity presumed by the president and his election campaign.
On December 6th, US representatives Darren Soto and Ted Budd presented two bills to prevent the manipulation of cryptocurrency prices and the optimization of the regulatory framework. The first bill outlines possible scenarios of price manipulation in cryptic markets and remedies, while the second requires a comparative study of regulatory agreements in other national jurisdictions.
In November, the state of Ohio began to accept cryptocurrency as a payment option to pay taxes. Companies will be able to pay 23 different taxes using BTC through an online portal that has been set up by the State Treasury Office. At present, people will not be able to use the service to pay private taxes.
Other states in the United States have tried to approve invoices that allow them to pay taxes using cryptocurrency. However, these bills have been halted by state legislators.
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