Stacks co-founder calls on crypto community to fund Senator Warren’s opponents
Stacks co-founder Muneeb Ali wants to fund Senator Warren’s political opponents. He urged the crypto community to do the same.
Senator Warren wants to tackle money laundering
The comments came in response to Senator Warren’s plans to build an “anti-crypto army” as part of her re-election campaign.
Senator Warren has been a central political figure in the war against crypto. Examples include opposing Fidelity’s decision to allow Bitcoin investment in its 401(k) products, and most recently in a two-part letter to Binance demanding more transparency and accountability.
The letter accused the exchange of violating US regulations, including violating AML laws and reporting requirements.
Binance posted a lengthy response disputing the claims. It welcomed the opportunity to clear up the misconceptions and said it is working to protect users and comply with legal obligations.
The CFTC sued Binance on March 27 for illegally operating a crypto exchange.
The quote “Building an Anti-crypto Army” comes from a Politico article from February. The post’s theme is recruiting political allies to support her anti-crypto cause — the cornerstone of which is legislation for stricter anti-money laundering rules.
Critics say that the measures she wants to introduce are too broad and an unconstitutional threat to privacy.
Stacks co-founder stops Democrats’ donations
In response to Senator Warren, the Stacks co-founder so the only action is to fund opponents of the “Anti-crypto Army.” He added that the first step is to launch DAOs to house and manage the donations.
“We raise Bitcoin and crypto capital to fund your opponents. Show them the power of decentralized communities.“
Ali said he had voted Democrat in the past but will no longer do so. He also revealed donations to political figures “who learned about Bitcoin and crypto” on both sides of the divide.
However, given his strong feelings about the “Anti-Crypto Army,” Ali said he has made the decision to freeze all Democrats’ donations until further notice.
To maximize the impact of a pro-crypto army, the Stacks co-founder recommended strategic spending that targeted “key states on the battlefield.”
After opting out, he blasted the ridiculousness by declaring war on “open source, freedom technology.”
Disclaimer: Our authors’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Do your own due diligence before doing anything related to the content of this article. Finally, CryptoSlate takes no responsibility if you lose money trading cryptocurrencies.
