Warren Calls for Crypto Regulation to Combat Crime

Senator Elizabeth Warren advocates for equal regulatory treatment of cryptocurrency and traditional finance to prevent misuse.

Senator Elizabeth Warren emphasizes the need for cryptocurrency to be regulated on the same level as traditional finance to prevent criminal activities.
Warren's comments come amid concerns that North Korea is financing its nuclear missile program using cryptocurrency.
The senator is willing to collaborate with the crypto industry but insists on adherence to traditional finance rules.
Warren's Digital Asset Anti-Money Laundering Act aims to extend Bank Secrecy Act requirements to the crypto sector.
The legislation has faced criticism for imposing impractical compliance burdens on the cryptocurrency industry.