Warren Davidson: “Cruel US Cryptocurrency Policy Could Disarm the Industry”
Republican Warren Davidson said the US Treasury's crypto asset policy proposals are unworkable because they seek to ban digital assets in the US. Davidson explained that the department’s tactics are consistent with a bill previously introduced by Senator Elizabeth Warren, who is a fierce critic of cryptocurrencies. As Davidson said, this bill aims to “disarm” the cryptocurrency industry in the United States.
Under Warren's proposed policy, digital wallet providers, miners, validators and other network participants would be classified as a new group of financial institutions. They are required to adhere to the same reporting standards as traditional financial institutions. Warren previously said that even node operators and validators pose a national security problem. However, Davidson believes that such statements only demonstrate a high degree of ignorance, for which any politician should be ashamed.
