Coinbase Counters Senator Warren's Regulatory Concerns
Coinbase robustly denies accusations by Senator Warren of hindering cryptocurrency regulation, emphasizing its commitment to responsible advocacy and the need for balanced regulatory measures.

Coinbase robustly denies accusations by Senator Warren of hindering cryptocurrency regulation, emphasizing its commitment to responsible advocacy and the need for balanced regulatory measures.
Coinbase refutes Senator Warren's allegations of hindering crypto regulation, emphasizing commitment to lawful and transparent practices in the industry.
Senator Elizabeth Warren has garnered increased support from influential lawmakers in advocating for comprehensive legislation aimed at combatting money laundering and sanctions violations within the crypto sphere.
The fundraiser in question has ties to Senator Wyden of Oregon, who also benefited from the cash.
Senator Warren described Bitcoin as an "ephemeral token" with no value because it is not backed with anything unlike a CBDC.
U.S. lawmakers have penned a letter pressing Federal Reserve Chairman Jerome Powell for information on American banks’ ties to crypto following the collapse of FTX.
The top two cryptocurrencies have remained strict competitors for each other. Bitcoin and Ethereum have always been at the neck of each other.
The bill further states: “No central bank digital currency shall be considered legal tender under section 16 5103 of title 31, United States Code.”
Warren’s letter urges OCC to collaborate with Fed and FDIC to develop an alternative cryptocurrency approach “that adequately protects consumers and the safety and soundness of the banking system.”