The cryptocurrency industry in America, already living in limbo due to the ambiguity of the laws, has now found itself in the very center of political controversy. The initiator was Senator Elizabeth Warren, who proposed a package of measures to completely change the control system for digital assets. Her proposals are nothing more than an attempt to build an impregnable citadel of control around this rapidly growing industry.

The main idea is to impose the strictest ban on all civil servants, from simple clerks to the president himself, on any actions related to the issue, sponsorship and, most importantly, making a profit from cryptocurrencies. The goal is simple: to eliminate the very possibility of corruption and conflict of interest, when digital assets can be used for shady dealings or illegal enrichment of officials.

But the ban for officials is just the beginning. The main impact is directed at crypto exchanges and companies. Warren suggests putting them under strict government control through mandatory registration and obtaining special licenses. To operate legally, you will need to strictly follow the rules of customer identification (KYC) and create a barrier against money laundering (AML). And to top it all off, there are regular financial checks. Evading these "audits" can have serious consequences: huge fines and a complete shutdown of operations.

Warren also criticized the proposals of her Republican colleagues, especially the Clarity Act bill. In her opinion, Senators Lummis, Tillis and Scott are offering too soft an approach. Dividing assets into securities and commodities creates loopholes, and simplified rules are just a gift from cryptolobby.

Warren's initiative should be discussed by the Senate Banking Committee. The outcome of this debate will determine whether America will become a country with strict crypto controls or choose a more liberal path that its opponents advocate. The fight for the future of digital finance is in full swing.