Senator Elizabeth Warren is making a splash in the crypto world again! This time, he is targeting digital asset miners, especially those owned by foreigners, because they are considered a risk to the environment and national security.

- In a Senate Banking, Housing and Urban Affairs Committee hearing, Warren asked Treasury Department's Paul Rosen about the threat of foreign crypto mining facilities in the US.

- Warren mentioned that Chinese citizens and people with direct ties to the Chinese government own a third of crypto mining facilities in the US. According to him, this could be used for spying and threaten the US energy sector.

- He also highlighted a New York Times report that said Chinese-owned Bitcoin mining facilities in the US use enough energy to power 1.5 million homes. 😲

- Warren asserts that crypto mining is an environmental disaster and a national security risk. He also highlighted that foreign miners could purchase facilities in the US with crypto, circumventing the traditional banking system and anti-money laundering (AML) rules.

Senator Roger withdrew his support for the Digital Asset Anti-Money Laundering Act (DAAMLA) bill they introduced together last year. DAAMLA aims to apply AML laws to the crypto industry.

What do you think about Warren's move? Come on, discuss in the comments column!