Elizabeth Warren Gains More Support for Digital Asset Anti-Money Laundering Bill
US Senator Elizabeth Warren has gained more support for her Digital Asset Anti-Money Laundering Act, which aims to enforce the same money laundering rules on the crypto industry as the traditional financial system. The bill would extend Bank Secrecy Act responsibilities, including Know-Your-Customer requirements, to crypto wallet providers, miners, validators, and other network participants. Pro-crypto lobbying groups have criticized the legislation, with some calling it a ban on crypto assets in the US. The bill is currently being considered by the Senate Committee on Banking, Housing, and Urban Affairs.
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