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[U.S. Senators Propose Amendment to Ban Cryptocurrency as Legal Tender] According to crypto journalist Eleanor Terrett, U.S. Senator Jack Reed has proposed an amendment aiming to prohibit the use of cryptocurrency as legal tender, including banning the payment of taxes with crypto assets. Senator Elizabeth Warren has submitted over 40 amendments, one of which seeks to prevent the Federal Reserve from granting master accounts to cryptocurrency companies. An amendment jointly submitted by Senators Reed and Smith proposes to restrict banks' regulations on stablecoin yield.

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