I oppose this legislation because I worry that the passage of inadequate cryptocurrency regulation will give Americans a false sense of security and fail to protect consumers from the corruption, fraud, and money laundering that is all too rampant in this industry.
The Senate failed to advance a major cryptocurrency regulation bill because Democrats blocked the measure over concerns that it does not go far enough to stop federal officials’ digital asset dealings, including President Trump’s. wapo.st/4yJpyFA
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Dear senator, with respect, your knowledge or advisers have given you a royal bum steer.
Cryptocurrency in its current for is corrupt, and money laundering occurs because most guardrails reject anything related to crypto so projects resort to direct crypto use without guardrails.
I speak from experience, banking system rejects crypto related project payments, e.g. to pay by credit card for say crypto related services. So I resort to crypto only payments.
Even central bank paper money was used for all sorts of crimes like counterfeiting, and bank robberies when the baking system was new.
To reject it like this shows your lack of understanding of what your constituents want.
Your post will likely mean your political career is over. Best of luck.
Sep 16, 2026 · 5:23 AM UTC
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