Criticism of "crypto-friendly rules" by Sean Casten raises national security concerns.
From CoinTelegraph
March 5, 2025 2:05:00 pm:
During a House Financial Services Committee hearing, US Rep. Sean Casten criticized “crypto-friendly rules” for threatening national security. He accused Trump and Musk of dismantling AML and financial surveillance laws, claiming all US ransomware attacks are funded by crypto. Pro-crypto Rep. Warren Davidson rebutted, warning against creating a surveillance state resembling China.
Whistleblower Edward Snowden warned in April 2024 that the NSA was days away from taking over the internet. Snowden cited FISA expansion and vague language that could compel individuals to act as surveillance agents. He later raised concerns about centralized blockchains and AI threats, advocating for decentralization to combat rising authoritarianism.
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