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Breaking: Despite Warren's Concerns, Senate Passes Crypto Bill Allowing Banks to Hold Bitcoin

source-logo  coingape.com 16 May 2024 22:06, UTC

U.S. Senator Elizabeth Warren has called on the Senate to vote against proposed legislation allowing highly regulated financial firms to provide custody services for Bitcoin (BTC) and other cryptocurrencies. Her opposition stems from concerns over the safety and security of digital assets in the hands of financial institutions. This call comes amid a broader debate on how cryptocurrencies should be integrated into the financial system.

coingape.com