ChainCatcher news, according to Cointelegraph, U.S. Senator Elizabeth Warren called Musk a "bank robber," accusing him and the Trump administration of dismantling the Consumer Financial Protection Bureau (CFPB) to gain financial control.

ChainCatcher news, according to Bloomberg, Democratic Senator Elizabeth Warren wrote to Trump urging him to support the Consumer Financial Protection Bureau (CFPB) in its efforts to prevent banks from arbitrarily closing accounts. She warned that attempts to undermine the CFPB would only exacerbate the problem.The Trump administration fired Director Rohit Chopra and appointed Scott Bessent, a supporter of cryptocurrency, as acting director, who has suspended some regulatory activities. Warren emphasized that the issue is bipartisan and mentioned Trump's criticism of U.S. banks and JPMorgan at the Davos Forum for restricting business dealings with certain clients.At a Senate Banking Committee hearing, Anchorage Digital CEO Nathan McCauley stated that his company faced account closures by banks due to its cryptocurrency business and struggled to find new banking partners. The Bank Policy Institute responded that banks must manage risks and meet regulatory requirements, suggesting a need to fix the regulatory structure.

ChainCatcher news, according to Bloomberg, U.S. Democratic Senator Elizabeth Warren is pressuring Howard Lutnick, the Commerce Secretary nominee appointed by Trump, to clarify his relationship with Tether.Warren asked whether Cantor Fitzgerald invested in Tether, whether due diligence was conducted, and whether Tether's compliance with anti-money laundering and international sanctions rules was verified. Although Lutnick did not list any investments in Tether in his financial disclosure, Cantor Fitzgerald holds shares in Tether. Lutnick promised to divest his shares in Cantor Fitzgerald if confirmed by the Senate.Warren questioned whether these measures were sufficient to avoid conflicts of interest and pointed out Lutnick's personal connections with Tether's management. Tether responded that it has complied with relevant regulations and cooperated with law enforcement. Warren also requested Lutnick to clarify discussions with government officials.

ChainCatcher news, according to CoinDesk, cryptocurrency critic and Democratic Senator Elizabeth Warren criticized Trump’s meme coin TRUMP and urged the U.S. Office of Government Ethics and financial regulators to investigate the ethical and regulatory details of the TRUMP token.Warren, a senior Democrat on the Senate Banking Committee responsible for overseeing U.S. financial regulators, stated that these assets, including First Lady Melania Trump's own namesake meme coin MELANIA, pose a conflict of interest for the president and highlight the most destructive and unstable factors in the cryptocurrency space. TRUMP and MELANIA pose serious risks to President Trump's ability to govern the country fairly and also present significant risks to investors in these currencies, who may become victims of a carefully orchestrated scheme by the Trump family.

ChainCatcher news, on January 21, Swiss time, the "2025 Winter Davos Forum · Future Financial Technology Summit" hosted by OKG and supported by several media outlets was held in Davos, Switzerland. The event featured an in-depth dialogue with Sheila Warren, the honorary CEO of the U.S. Crypto Innovation Council, discussing how policy and regulation shape the future of cryptocurrency.When asked whether it is possible to establish a new regulatory framework for cryptocurrency that facilitates cooperation between different regions and governments, Sheila believes that many have long called for a balance to be found between promoting innovation and protecting consumer safety. Many also hope to establish a new regulatory framework for virtual assets to achieve cooperation between different regions and governments. However, a major gap in global cryptocurrency regulation is the lack of any rules-based system at the federal level in the United States.Regarding the further development of cryptocurrency integration into traditional finance, Sheila believes the future depends on whether regulatory policies in various countries can promote the rollout of new blockchain and token-based products and services.It is understood that the "2025 Winter Davos Forum · Future Financial Technology Summit" is hosted by OKG during the World Economic Forum, aiming to find a path to reshape the global financial landscape under the theme of "Cooperation in the Smart Era," exploring the vision of global fintech—linking innovation, linking the future.

ChainCatcher news, according to Bloomberg, senior member of the U.S. Senate Banking Committee, Senator Elizabeth Warren, questioned the relationship between Trump’s nominee for Secretary of Commerce, Howard Lutnick, and Tether, citing potential conflicts of interest. She criticized Tether's connections to sanctioned entities and emphasized broader concerns.Howard Lutnick will not directly oversee cryptocurrency regulation, but the department has released reports on industry regulation. Additionally, there are views that Lutnick's close relationship with Trump could have an impact, as his company's client Tether is facing intense scrutiny from U.S. regulators and investigators. Warren stated, "I am deeply concerned about Lutnick's past work with a company that was investigated for its connections to sanctioned entities, including Russian arms dealers and North Korean nuclear weapons programs. The Secretary of Commerce should fight for the interests of the United States, not for his own personal interests or those of former clients that undermine our national security."

ChainCatcher news, the CEO of the Crypto Innovation Council (CCI) Sheila Warren announced her resignation in January, Ji Kim will serve as the President and Acting CEO of CCI, while Sheila Warren will provide support as a Senior Global Policy Advisor.

ChainCatcher news, according to Bloomberg, Massachusetts Senator Elizabeth Warren is set to become the top-ranking Democrat on the Senate Banking Committee. As a major critic of Federal Reserve Chairman Powell, large banks, and the cryptocurrency industry, she will succeed Sherrod Brown, who lost in his re-election campaign.Warren stated in a declaration: "It is crucial that after the 2024 elections, Democratic leadership demonstrates that we can make life more affordable for working families and urgently take action to rebuild the middle class." Warren has previously called for stronger regulation of the cryptocurrency industry and has been critical of traditional financial institutions.

ChainCatcher News, U.S. Senator Elizabeth Warren defeated cryptocurrency-supporting Republican candidate John Deaton in the Senate race, winning the election in Massachusetts on Tuesday evening.This will be Warren's fourth term in the U.S. Senate. She is a member of the Senate Finance Committee and the Senate Banking Committee, the latter of which has jurisdiction over the U.S. SEC and CFTC. Warren has consistently criticized the cryptocurrency industry and supports an anti-money laundering bill that would extend the requirements of the Bank Secrecy Act (including KYC rules) to miners, validators, and wallet providers.

ChainCatcher News: U.S. Democratic Senator Warren calls for the Federal Reserve to implement a 50 basis point rate cut.

ChainCatcher news, in a recent debate, Massachusetts Senator Elizabeth Warren criticized lawyer John Deaton, claiming that 90% of his campaign funding comes from cryptocurrency, and accused him of having 100% loyalty to cryptocurrency in Washington, implying that this is a corrupt practice.Warren reiterated her concerns about the association of cryptocurrency with illegal activities and called for increased regulation. Multiple polls show that Warren is leading Deaton by about 20 percentage points ahead of the November election, with early voting set to begin on October 19.

ChainCatcher news, many investors and some economists are concerned that the Federal Reserve has waited too long, putting the labor market and economic growth on thin ice, and injecting volatility into the financial markets. The latter was evident in last Friday's U.S. Treasury market, when traders suddenly resumed bets on a 50 basis point rate cut. The presidential election in November has also put the Federal Reserve's decision-making in an uncomfortable position. Republican candidate and former President Trump warned that the Federal Reserve should not cut rates before the election, while Democratic Senator Elizabeth Warren pressured officials to lower rates by 75 basis points.

ChainCatcher news, during a hearing held by the Senate Banking, Housing, and Urban Affairs Committee on Thursday, U.S. Senator Elizabeth Warren questioned Assistant Secretary for Investment Security Paul Rosen from the Treasury Department about the threats posed by foreign-owned cryptocurrency mining operations in the United States.Senator Elizabeth Warren claimed that the U.S. cryptocurrency mining industry poses a threat to national security, stating that "cryptocurrency mining operations run by foreign adversaries" could be used to "monitor U.S. military operations."Warren added that "foreign-owned crypto mines also threaten the power grid, and their connections to the U.S. grid could make the U.S. vulnerable to targeted blackouts and cyberattacks."

ChainCatcher news, according to The Block, U.S. Senator Roger Marshall has withdrawn his support for the anti-money laundering bill proposed by Elizabeth Warren. This move comes amid significant pressure from the crypto industry and the backdrop of Donald Trump's support for crypto.Marshall became the first co-sponsor to withdraw support this week, although the bill still has the backing of 18 other senators. The bill aims to strengthen the U.S. anti-money laundering regulations for digital assets, requiring digital asset service providers, miners, and validators to adhere to stricter customer identification and anti-money laundering responsibilities. The crypto industry has strongly opposed this bill, arguing that it would negatively impact decentralized finance and could stifle innovation in the industry. The Chief Policy Officer of the Digital Chamber stated that the bill is essentially a "backdoor ban" on blockchain technology.

ChainCatcher news, Republican Senator Roger Marshall has withdrawn his support for the Digital Asset Anti-Money Laundering Act, which he co-authored with Democratic Senator Elizabeth Warren in 2022, aimed at regulating the cryptocurrency industry under the existing anti-money laundering and counter-terrorism financing framework.Currently, according to the official congressional directory regarding the bill, there are still 18 senators supporting the legislation.

ChainCatcher News, U.S. Senator Elizabeth Warren demands that drug agencies update their findings and efforts regarding the use of cryptocurrency in the illegal fentanyl market.Elizabeth Warren and Cassidy want these agencies to answer the following questions by June 14: What role do they believe cryptocurrency plays in drug trafficking, what new initiatives will be implemented in the next 12 months, and what metrics will be used to measure the success of combating illegal cryptocurrency in the fentanyl trade?

ChainCatcher News: U.S. Senator Elizabeth Warren recently expressed support for the SEC Staff Accounting Bulletin (SAB) 121 during a Senate hearing. Warren stated that the standard applies to companies dealing with cryptocurrency businesses and aims to provide accounting guidance. She believes that SAB 121 "simply clarifies" how companies should consider risks related to cryptocurrency and display these risks in their disclosures. The relevant risks include hacking, theft, and the loss of cryptocurrency when a protective company goes bankrupt.Warren added that the standard does not require crypto platforms to add customers' cryptocurrencies to their balance sheets—this statement contradicts that of House Financial Services Committee Chairman Patrick McHenry, who previously stated that the bill "requires financial institutions and companies that safeguard customer digital assets to keep those assets on their balance sheets." Furthermore, this standard does not make platforms the owners of their customers' cryptocurrencies. (CryptoSlate)Yesterday, it was reported that the U.S. Senate voted 60 to 38 to overturn a resolution regarding SEC SAB 121; however, the resolution may be vetoed when it reaches President Biden's desk. It is reported that the SEC's previously issued Staff Accounting Bulletin 121 requires companies to record the cryptocurrencies they hold on their balance sheets, but critics argue that this regulation is too stringent and effectively hinders major custodians and companies from holding cryptocurrencies for their clients.

ChainCatcher news, the 2024 Berkshire Hathaway shareholder meeting is currently underway. According to the latest data from 8marketcap, the current market capitalization of Bitcoin is approximately $1.253 trillion, while Berkshire Hathaway's market capitalization is about $867.59 billion, with the former exceeding the latter by over $385 billion.Buffett has referred to Bitcoin as a "gambling token" and "rat poison," and stated that he does not hold any cryptocurrency.

ChainCatcher news, in response to current U.S. Democratic Senator Elizabeth Warren urging the U.S. Securities and Exchange Commission to investigate Tesla's independence, Elon Musk responded and disclosed reports that Elizabeth Warren's main economic and tax advisor is SBF's father, suggesting that Elizabeth Warren's investigation into Tesla may be influenced by SBF's father.Elizabeth Warren is not friendly towards cryptocurrency, and several industry heavyweights, including Coinbase CEO Brian Armstrong, have questioned Senator Elizabeth Warren's anti-crypto stance.

ChainCatcher news, according to The Block, U.S. Senator Elizabeth Warren stated that she is willing to work with the cryptocurrency industry but reiterated that the cryptocurrency industry must adhere to the same rules as traditional finance. Senator Warren is a member of the Senate Finance Committee and the Committee on Banking, Housing, and Urban Affairs. She has been critical of cryptocurrencies and has recently pushed for her anti-money laundering bill.In an interview with Bloomberg Television, Elizabeth Warren said, "I want to work with the industry. What I don't understand is why this industry seems to say that only by leaving enough space for drug dealers and human traffickers can they survive, oh, and also terrorists, ransomware scammers, consumer fraudsters, and rogue nations. About half of North Korea's nuclear missile program is funded by cryptocurrency, and all of this must remain open."Additionally, Warren reiterated her stance that it must follow the same rules as traditional finance. She said, "Remember, in our financial system, almost everyone follows the same set of rules. I'm talking about banks, credit unions, credit card companies, gold traders, and stock brokers. Private equity funds now also have to follow the rules. Precious metals traders, Venmo, Western Union, but not including cryptocurrency."