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“A well-designed CBDC could serve as a public alternative to these cryptocurrencies and potentially crowd out their usage.” The fix is in and has been since Day 1: Elizabeth Warren wants to kill Bitcoin to make way for a central bank digital currency. Anyone supporting Warren’s anti-money laundering legislation—including the five Senators who signed on yesterday—is just a pawn in her game. As Warren’s strategy becomes clear, she may try to downplay her past statements on CBDCs. But we have the receipts. Warren began her anti-crypto campaign in earnest on June 9, 2021. On this day, she hosted a Senate hearing with three hand-picked expert witnesses who all levied various attacks against Bitcoin. But the Bitcoin broadsides were merely an opening act for the main event: the supposed merits of a Federal Reserve-backed CBDC. The title of the hearing says it all—“A Stronger Financial System: Opportunities of a Central Bank Digital Currency.” Over the course of nearly two hours, Warren attempts to convince her colleagues and the American public that Bitcoin is a danger to the environment and national security—and that the only viable alternative to crypto is a CBDC (see clip below). Warren is more subtle now, but the goal remains the same: eliminate all competition until Americans have no choice but to bank directly with the Fed. Each Senator that co-sponsors Warren’s bill gets her one step closer to that goal.