"They're loud, they're hot, and they suck up a ton of electricity, which can crash the power grid," said Senator Elizabeth Warren.
Republican Senator Roger Marshall has recently pulled his support for the Digital Asset Anti-Money Laundering Act (DAAMLA).
Tyler Winklevoss backed Deaton and attacked Senator Warren in a post on X, calling her crypto's "public enemy number one."
"This legislation, if implemented, will have no meaningful effect on the foreign illicit actors it targets," said Blockchain Association.
Republican senators Cynthia Lummis and Ted Burr are the most pro-crypto politicians in the US Senate as per the data from Coinbase.
Senator Elizabeth Warren has received support for her anti-crypto bill from the Bank Policy Institute (BPI)
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