As the US election approaches, here’s a look at five prominent US politicians known for their opposition to cryptocurrency. Their influence could significantly impact the future of crypto regulation in the country.
1. Senator Elizabeth Warren
Leading the anti-crypto movement, Senator Elizabeth Warren is known for her strong stance against digital assets. She proposed the Digital Asset Anti-Money Laundering Act (DAAMLA) to integrate crypto under anti-money laundering and counter-terrorism frameworks. Warren’s stance has prompted pro-crypto lawyer John Deaton to challenge her in the Massachusetts Senate race, with support from crypto advocates, including Coinbase co-founder Brian Armstrong.
2. Senator Sherrod Brown
Ohio Senator Sherrod Brown, chair of the Senate Banking Committee, shares Warren’s anti-crypto sentiments. Brown has voiced concerns that the crypto industry is rife with scams and thefts, and he has been a staunch supporter of Warren’s DAAMLA bill. The pro-crypto Political Action Committee (PAC) Fairshake has invested heavily in efforts to prevent Brown’s re-election.
3. Senator Lindsey Graham
Senator Lindsey Graham has been vocal about his opposition to cryptocurrencies, citing transparency and oversight concerns. He also supported Warren’s DAAMLA bill, arguing that similar rules governing the US dollar should apply to crypto. Although Graham won’t be on the ballot this year, his influence remains noteworthy as his tenure runs until 2027.
4. Senator Bernie Sanders
While not as outspoken, Senator Bernie Sanders has expressed disapproval of digital assets, stating he is “not a big fan” of crypto. Sanders voted against the pro-crypto SAB 121 bill, which would have removed restrictions on financial institutions providing digital asset custody services.
5. Congressman Brad Sherman
Congressman Brad Sherman is a well-known crypto critic, having made numerous statements against digital assets, which he describes as “hidden money.” Sherman has also voted against pro-crypto bills like FIT21 and SAB 121 and has been critical of former President Donald Trump’s pro-crypto stance.
As the election nears, the crypto community will closely watch to see if these anti-crypto politicians retain their seats. Regardless of the outcome, the upcoming US Congress is expected to be the most pro-crypto yet, which could bring positive change for the industry.#BinanceBlockchainWeek #CryptoPreUSElection 
