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The Latest Breaking News from Elizabeth Warren

As We Build Towards Web3, We Need to Shift Our Focus Towards On-Chain KYC Solutions

As Web3 continues to develop, lawmakers and platforms are shifting their focus towards refining KYC, or know-your-customer, which serves as the barrier between Web3’s true calling for decentralization and centralized institution’s concerns for public good.

Benzinga

Elizabeth Warren's Wealth Tax Would Hurt More Than Just the 'Tippy Top'

Wealth tax proponents claim only super rich people would be affected. But to raise the revenue Warren, Sanders, and Biden want, they'd have to tax the "working rich"—doctors, lawyers, and other hardworking high earners.

Reason

Elizabeth Warren Compares Buying Bitcoin to 'Buying Air'

The Massachusetts senator also came out in favor of creating a central bank digital currency

Reason

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Schumer and Democrats say Clarence Thomas should recuse himself from January 6 cases

Plenty of Senate Democrats– moderate and progressive alike – are skittish about voting to impeach the longest-serving Supreme Court Justice

The Independent UK

Biden's Desperate Wealth Tax Flip-Flop

On the campaign trail, Biden rejected wealth taxes as punitive, divisive, and unworkable. Now, as president, he’s embraced the idea.

Reason

Bitcoin Won't Help Russia Bypass World Sanctions

Cryptocurrencies are not the threat to U.S. financial power the elites want to present.

Reason

Windfall profits tax, consumer rebate options under discussion

WASHINGTON — Senate Finance Committee Democrats are discussing ways to tax large oil and gas companies’ excess profits that could be tied to the recent spike in global crude oil prices and use the revenue to provide financial support to consumers impacted by higher costs at the pump.

Tribune News Service

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Windfall profits tax, consumer rebate options under discussion - Roll Call

Driven by sharply higher gas prices, Democrats are discussing ways to tax large oil and gas companies' excess profits and return the money to consumers.

Roll Call

Oklahoma House OKs Citizen-Enforced Abortion Ban

Plus: Masculinity tied to inflated IQ estimates, contempt for Warren's crypto bill, and more...

Reason

Are Russia's elite really using cryptocurrency to evade sanctions?

Fearing Russia’s elite will evade economic sanctions by converting their wealth to cryptocurrency, high-profile US Democratic senator Elizabeth Warren has introduced a bill into US Congress to stymie Russian crypto transactions.

The Conversation

US Aims To Prevent Russia From Accessing Crypto Amid Its War With Ukraine

Democrat U.S. senators strive for The Digital Asset Sanctions Compliance Act to enable President Biden to sanction foreign crypto firms doing business with sanctioned Russian entities and prevent them from transacting with U.S. customers amid the country's Ukraine invasion. The bill could ramp up pressure on misuse of crypto exchanges to circumvent…

Benzinga

U.S. Democrats introduce bill to curb Russian crypto use amid Ukraine crisis

Democratic U.S. senators introduced a bill on Thursday that would enable the president to sanction foreign cryptocurrency firms doing business with sanctioned Russian entities and prevent them from transacting with U.S. customers.

Reuters

Amid painful tax season, bipartisan duo eyes IRS budget fix

WASHINGTON — After giving the IRS its biggest budget boost in years, some lawmakers are turning to new efforts to deliver resources to the beleaguered agency in the middle of a tax filing season plagued by lengthy delays and a hefty backlog of unprocessed returns.

Tribune News Service

30 Percent of Americans Still Oppose Same-Sex Marriage

Plus: Research says neuroscience studies are largely unreliable, Elizabeth Warren's new antitrust bill, and more...

Reason

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Roll Call

Amid painful tax season, bipartisan duo eyes IRS budget fix - Roll Call

After giving the IRS its biggest budget boost in years, some lawmakers seeking new ways to deliver resources to the beleaguered agency.

Reason

Elizabeth Warren Says the Solution to High Gas Prices Is Higher Taxes on Oil Companies

A windfall profit tax on oil companies didn't work in the 1970s and it won't work today.

Benzinga

Elon Musk Once Called Senator Warren 'Karen' — Now, Dogecoin Creator Dubs Her 'Satan'

Dogecoin (CRYPTO: DOGE) co-creator Billy Markus called Senator Elizabeth Warren (D-MA) “Satan" after a report said she was drafting a bill to track transactions to private cryptocurrency wallets.

Tribune News Service

Lawmakers fear cryptocurrencies could be back door for sanctioned rubles

WASHINGTON — Lawmakers on both sides of the aisle are worried about the potential of cryptocurrency to serve as an escape hatch for sanctioned Russian money, with some saying the risk hastens the need for legislation.

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Roll Call

Lawmakers fear cryptocurrencies could be back door for sanctioned rubles - Roll Call

Lawmakers from both parties are worried that cryptocurrencies could help Russians use to evade western sanctions.

Reuters

U.S. lawmakers push Treasury to ensure Russia cannot use cryptocurrency to avoid sanctions

Senator Elizabeth Warren and three other Democratic lawmakers on Wednesday urged the Treasury Department to ensure the cryptocurrency industry is complying with sanctions imposed on Russia, expressing concern that digital assets could be used to undermine U.S. foreign policy goals.

Reason

Biden's State of the Union Highlights Absurd Reach of Federal Government

Plus: Facebook blocks and free speech, Elizabeth Warren is wrong about cryptocurrency (again), and more...

Ballotpedia

Senators argue against private facial recognition for unemployment insurance proof of identity

U.S. Senators Ron Wyden (D-Ore), Sherrod Brown (D-Ohio), and Elizabeth Warren (D-Mass) published a letter to the U.S. labor secretary on Feb. 15 arguing against the outsourcing of facial recognition and identity verification for unemployment insurance benefits to the private sector.

Reason

European Leaders Find Backdoor Way To Ban Porn on Social Media

Plus: Elon Musk accuses the SEC of trying to silence him, Elizabeth Warren gets her antitrust wish, and more...

Reason

DOJ, FBI Will Investigate Companies for 'Illicit Profits'

Elizabeth Warren's bizarre theories about corporate greed driving inflation have made their way into federal law enforcement, it seems.

Salon

Big Food profiteering off inflation

Big chains and suppliers like Tyson, P&G and Kroger are fattening profits by raising prices — just because they can

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