Crypto investors were fooled by a fake letter claiming to be from Senator Elizabeth Warren, suggesting a 1% tax on cryptocurrency assets worth over $500,000.
It has been brought to light that a supposed recent letter from Warren proposing a 1% tax and mandatory reporting is apparently false.
Upon closer inspection, the name at the bottom of the letter is misspelled. Additionally, this document cannot be found on her official website.
Unfortunately, it strains credulity that Warren would advocate for such policy proposals.
— Dennis Porter (@Dennis_Porter_) April 22, 2024
A letter has been penned asking the President to back Senator Warren’s proposed legislation, which focuses on enhancing the US financial system with cryptocurrency themes. However, it was recently disclosed that such a letter wasn’t available on Senator Warren’s official resources at present.
She is well-known for her opposition to Cryptocurrency. In her view, cryptocurrencies are linked to illicit activities, such as financing terrorism. However, critics, including crypto supporters and Democrats, contend that her proposed legislation, the Digital Asset Anti-Money Laundering Act, is inadequate when it comes to preventing money laundering.
The absence of comment from Warren, together with her office’s lack of reaction, underscores the increasing unease and importance of thorough examination as misinformation proliferates within the cryptocurrency sector.
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2024-04-23 00:36