US Senator Elizabeth Warren introduces bill to crack down on crypto
U.S. Senators, spearheaded by Elizabeth Warren, have broadened bipartisan backing for the Digital Asset Anti-Money Laundering Act to regulate cryptocurrency use. The bill seeks to address the growing concerns around the misuse of crypto currencies in illegal financial activities by incorporating digital assets into the existing anti-money laundering and counter-terrorism financing frameworks. JUST IN: US Senator Elizabeth Warren introduces bill to crack down on crypto . pic.twitter.com/T5J1i8B86G — Watcher.Guru (@WatcherGuru) December 11, 2023 New supporters of the bill include Senators Raphael Warnock (D-Ga.), Laphonza Butler (D-Calif.), Chris Van Hollen (D-Md.), John Hickenlooper (D-Colo.), and Ben Ray Luján (D-N.M.). The supporters joined a coalition already backed by a diverse group of senators, indicating a strong bipartisan effort. “The Treasury Department is making clear that we need new laws to crack down on crypto ’s use in enabling terrorist groups, rogue nat...