Nine Senate Dems Drum Support for Warren’s Crypto Bill

Crypto News
Crypto News

18 Sep 2023 6:22 PM

Senator Elizabeth Warren has garnered further support in the Senate for her soon-to-be-released Digital Asset Anti-Money Laundering Bill....

  • Senator Elizabeth Warren has gained support in the Senate for her Digital Asset Anti-Money Laundering Bill.
  • Nine democratic senators, including Gary Peters, Dick Durbin, and Jeanne Shaheen, have joined Warren's coalition.
  • The bill aims to regulate the crypto industry, close loopholes, and comply with anti-money laundering rules.
  • It also seeks to restrict terrorism financing and address the use of privacy platforms in crypto transactions.
  • Warren argues that blockchain assets enable illicit activities, while Senator Joe Manchin sees it as a matter of national security.
  • The bill is part of efforts to bring the crypto market under US government oversight and enhance security measures.

The overall sentiment of the article is positive, as it highlights the support for Senator Warren's bill and the need for regulatory measures in the crypto industry.

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You May Ask

Who are some of the senators supporting Senator Warren's Digital Asset Anti-Money Laundering Bill?What is the main focus of the bill?How does the bill aim to address terrorism financing?Why does Senator Warren believe strong measures are necessary in the crypto industry?What are the potential benefits of bringing the crypto market under US government oversight?

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