Cetoex News – US Congressman Warren Davidson has been quite vocal in the cryptocurrency realm. He had earlier introduced legislation to fire SEC Chair Gary Gensler in April. Davidson’s tweet came in response to a tweet from Coinbase’s chief legal officer, Paul Grewal.

Grewal’s tweet discussed SEC Chair Gensler’s intention to reevaluate the proposed redefinition of an exchange. The United States Representative also mentioned that former SEC chairs are eligible. He stated that the legislation aims to address a long series of perceived abuses. Now, in one of his recent tweets, Davidson has called for the ban of central bank digital currencies (CBDC).

Warren Davidson asks Congress to criminalize efforts to design CBDC

The United States Representative mentioned in one of his recent tweets that the Federal Reserve is building the financial equivalent of the death star. Additionally, he stressed the fact that a CBDC corrupts money into a tool for coercion and control.

Davidson also stated that Congress must swiftly ban these CBDCs and criminalize the efforts to design, build, develop, test, or establish a CBDC. In his tweet, he also shared a screenshot of a job posting on Indeed by the Federal Reserve Bank of San Francisco, where they are looking to hire a senior crypto architect to develop a CBDC.

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Cetoex News – New York Republican Congressman George Santos has been charged by US prosecutors with money laundering and fraud. Moreover, the US Attorney’s Office has issued charges today as the culmination of an investigation that began more than five months ago.

According to the official statement, Santos is facing “seven counts of wire fraud, three counts of money laundering, one count of theft of public funds, and two counts of making materially false statements to the House of Representatives.”

US Congressman Charged Faces Fraud Charges

One 34-year-old Republican politician has found himself facing a host of charges from the US Attorney’s office today. Moreover, the congressman was known for a rather impressive Wall Street career. Yet, it appears as though success in that arena may have been completely fabricated.

New York Congressman George Santos has officially been charged with fraud and money laundering. Moreover, the prosecution has included theft of public funds and false statements to the House of Representatives as well.

Breon Peace, US Attorney for the Eastern District of New York, brought the charges against Santos. “This indictment seeks to hold Santos accountable for various alleged fraudulent schemes and brazen misinterpretations,” Peace stated. “Taken together, the allegations in the indictment charge Santos with relying on repeated dishonesty and deception to ascend to the halls of Congress and enrich himself.” 

Peace added, “He used political contributions to line his pockets, unlawfully applied for unemployment benefits that should have gone to New Yorkers who had lost their jobs due to the pandemic, and lied to the House of Representatives.”

Additionally, Assistant Attorney General Kenneth A. Polite Jr. issued similar statements. Subsequently, he noted, “Santos engaged in criminal conduct intended to deceive and defraud the American public.”

NEWS BY – CETOEX NEWS