Michael Novogratz is lobbying for the removal of Senator Warren.

Senator Warren has been vocal about her antic-crypto stance and is drumming up support for a Digital Asset Anti-Money Laundering Act.

The bipartisan bill aims to address concerns about the use of cryptocurrencies in illegal activities, including money laundering and drug trafficking.

Frankly, even the most intellectually challenged criminals know that everything done online is transparent. AES 256-bit encryption is the most robust encryption standard commercially available today. Encryption greater than 256-bit is not commercially available, banned for export and reserved only for military intelligence agencies. 

The Modus operandi for rogue financing and being paid for criminal acts is using circulated banknotes in brown paper bags. 

“The bipartisan bill aims to address concerns about the use of cryptocurrencies in illegal activities, including money laundering and drug trafficking”

WEALTH TRAINING COMPANY

If the authorities want a birds-eye view of everything, ban cash, not cryptos. The worst terrorist attack in Europe, Madrid, was funded with a few thousand euros in cash.    

There are currently more checks and balances, to open a crypto trading account than a forex account.  

Warren who started her career with good intentions, has morphed into a disingenuous know-it-all who uses any chance she gets to make a headline. We must throw out the populists and replace them with a group of leaders who want to get things done. Not a senator who has passed ZERO bills!” wrote Mike Novogratz on 20 Dec 2023.

Senator Warren conveyed her concern, mentioning a troubling new report that the association and other crypto interests are utilizing a small army of former defence, national security, and law enforcement officials to influence bipartisan efforts in Congress and the Biden Administration regarding the role of cryptocurrency in financing terrorist organizations like Hamas.

Cash, precious metals, and cryptos, like other assets, could also be used for bribes.

“Warren who started her career with good intentions, has morphed into a disingenuous know-it-all”

MIKE NOVOGRATZ

Financing fighters on the front?

In a war zone, there is often no sanitation or electricity, let alone an internet connection, so what good would cryptos serve to Hamas fighters in combat? Ammunition would probably be a better currency in a warzone.

“The proposed bill, if approved, aims to address risks linked to cryptocurrencies by integrating digital assets into established anti-money laundering and counter-terrorism financing frameworks”
Wealth Training Company

Michael Novogratz is lobbying for the removal of Senator Warren as she rallies support for the Digital Asset Anti-Money Laundering Act

Five new Senators, including three members of the Senate Banking, Housing, and Urban Affairs Committee -Senators Raphael Warnock from Georgia, Laphonza Butler from California, and Chris Van Hollen from Maryland- have thrown their support behind the legislation.

The proposed bill, if approved, aims to address risks linked to cryptocurrencies by integrating digital assets into established anti-money laundering and counter-terrorism financing frameworks. The legislative move is a step toward enhancing the regulatory landscape for cryptocurrencies.

Michael Novogratz is lobbying for the removal of Senator Warren as the 1.6 trillion dollar industry evolves under the boot of a regulatory framework

The Securities and Exchange Commission (SEC) approving a crypto EFT and Digital Asset Anti-Money Laundering Act is all part of cryptos becoming accepted into the mainstream.