Elizabeth Warren To Re-Introduce Bill To Outlaw WALLETS

Last year, Senator Warren introduced a bill that would adopt’s China’s approach, by imposing a de facto ban on public blockchains hidden under the guise of AML compliance. Reports say the bill will be reintroduced again soon.

The Warren bill would require that anyone who designs a crypto wallet (a computer program designed to store the encryption code that helps to keep your crypto tokens secure) register as a money services business and, essentially, be regulated like a financial institution.

This means that any computer programmer entrepreneur who writes code to help customers control crypto investments from their phone — and to help keep the crypto secure from hackers — would need to register with the Treasury Department as if they were Western Union.

Keep an eye out for this to be reintroduced…