Elizabeth Warren’s Anti-Bitcoin Agenda with Perianne Boring - WBD750

Perianne Boring is the Founder and CEO of the Chamber of
Digital Commerce. In this interview, we discuss Senator
Elizabeth Warren's stance on crypto, her proposed
anti-crypto legislation and the status of Bitcoin ETFs. We
talk about the political system, the influence of special
interest groups and the need for reform. Perinanne explains
why engagement with policymakers is critical, and how she
is fighting for the future of Bitcoin and the digital asset
industry.


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Senator Warren has made a name for herself as a progressive
Democrat who champions consumer protection. Following the
Great Financial Crisis, but before entering the Senate,
Warren proposed and established the Consumer Financial
Protection Bureau, and then served as President Obama’s
special advisor for the Bureau. Since being elected as a
Senator for Massachusetts, she has been a prominent critic
of the banking sector.


More recently, Warren has arguably become the staunchest
anti-crypto politician, a shift that has left many
confused. In this podcast, Perianne Boring uses her
knowledge of the system in DC to try and understand
Warren’s stance. The working assumption is that some of her
motivation is driven by the incentive to generate news
coverage, attention and political donations. The result is
retrograde proposals such as the ‘Digital Asset Anti-Money
Laundering Legislation’.


Organisations such as the Chamber of Digital Commerce, have
made great efforts to educate Warren and her office about
the industry's efforts to combat illicit finance. However,
Senator Warren seemingly lacks an understanding of the
technology behind Bitcoin and crypto. The organisations
involved are left with the impression that there hasn't
been a good-faith effort on Warren’s part to understand the
facts and technology.


My discussion with Perianne covered the more fundamental
issue of a broken political system and the subsequent
negative impact on voter trust in the political process. We
discussed the challenges faced by third-party candidates in
the current system and the emergence of new political
groups. We also cover the mechanisms, such as impeachment
or recall, to hold politicians accountable for their
actions, and why these aren’t seen as being effective.


Finally, we discussed the vital work being undertaken on
the ground in Washington. They are fighting for the future
of Bitcoin and the digital asset industry in part by
lobbying against policies that could hinder the growth of
Bitcoin and blockchain technology in the US. Perianne
emphasized the importance of the Bitcoin community having a
voice in Washington, as the industry is still relatively
small compared to more established legacy industries.





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Show notes:
https://www.whatbitcoindid.com/podcast/elizabeth-warrens-anti-bitcoin-agenda


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