The Digital Asset Anti-Money Laundering Act sponsored by U.S. Senator Elizabeth Warren has five new senators supporting it
According to The Block, five new US senators have joined Senator Elizabeth Warren's Digital Asset Anti-Money Laundering Act. Three of the new members are also members of the Senate Banking Committee with Elizabeth Warren. The committee may play an important role in cryptocurrency legislation passed next year.The Digital Asset Anti-Money Laundering Act has been criticized by the cryptocurrency industry. The bill aims to expand the requirements of the Bank Secrecy Act to miners, validators, wallet providers, and KYC. Elizabeth Warren stated, "Cryptocurrency technology should be managed with the same transparency rules as traditional banks to protect Americans and help ensure it is not used to facilitate illegal activities for criminal enterprises and rogue states."
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