Elizabeth Warren: ‘Let’s do a central bank digital currency‘

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“Let’s do a central bank digital currency … I think it’s time for us to move in that direction.”

Amid Sen. Warren’s moralizing on crypto money laundering, never forget what her ultimate goal is: the destruction of Bitcoin to make way for a CBDC.

Warren is usually effective at hiding her true intentions. But on this rare occasion, she let her guard down—and she can barely contain her excitement at the prospect of a CBDC.

Note that this interview aired the same month she first introduced crypto AML legislation. These two things are inextricably linked.

Warren frames her latest bill—the Digital Asset Anti-Money Laundering Act—as little more than an attempt to crack down on illicit finance. In reality, it’s a nuclear warhead pointed at the industry.

Make no mistake: Warren’s AML bill is the crypto killer. It would drive innovation offshore by imposing impossible burdens on miners, validators, and wallet providers. It would decimate an entire industry overnight, making it virtually illegal to do business with Bitcoin in the United States.

But that’s the point—Warren wants to cut crypto off at the knees. Because her true intention is to eliminate the competition to make way for a CBDC.

Anyone who signs Warren’s bill should know what they’re really signing up for: step one in the implementation of a central bank digital currency.