Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»Senator Elizabeth Warren adds five co-sponsors to cryptocurrency bill
ADOPTION NEWS

Senator Elizabeth Warren adds five co-sponsors to cryptocurrency bill

By Crypto FlexsDecember 12, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Senator Elizabeth Warren adds five co-sponsors to cryptocurrency bill
Share
Facebook Twitter LinkedIn Pinterest Email

U.S. Sen. Elizabeth Warren, D-Mass., has garnered more support from her colleagues for legislation to crack down on alleged use of cryptocurrencies for illicit finance.

Warren, who has often been critical of the cryptocurrency industry, said Monday that five senators had: joined We jointly propose the ‘Digital Asset Money Laundering Prevention Act’. bill, Criticism of the cryptocurrency industry It aims to extend Bank Secrecy Act requirements, including know-your-customer rules, to miners, validators, wallet providers, and more.

Three of the five new additions, Sens. Raphael Warnock (D-Ga.), Laphonza Butler (D-Calif), and Chris Van Hollen (D-Md.), sit on the Senate Banking Committee along with Warren. The committee could play a key role in getting cryptocurrency legislation passed next year.

Sen. John Hickenlooper, D-Colo. Ben Ray Ruhan, DN.M. He also joined the bill as a co-sponsor on Monday.

“The lack of basic legal protections for cryptocurrencies exposes Americans to numerous risks,” Van Hollen said. “Furthermore, cryptocurrencies have become the payment method of choice for terrorist organizations, drug cartels, and authoritarian regimes to fund their illicit activities.” “He said. name. “Cryptocurrencies should be governed by the same transparency rules as traditional banks to protect Americans and ensure they are not used to facilitate the illegal activities of criminal enterprises and rogue states.”

Anti-money laundering and terrorist financing related to cryptocurrencies have been at the forefront of the Biden administration as well as among lawmakers. Warren pushed for his own bill. Parliament Especially the hearings over the past few months. Last month, the Treasury Department asked Cohn.It is intended to give more power to track wrongdoers in the digital asset industry.

Focus on AML

House Financial Services Committee Member Patrick McHenry (R-N.C.) said: punchbowl news A newsletter on Monday said it was time for the House of Representatives to review anti-money laundering regulations for cryptocurrencies, suggesting there may be room for compromise between the House and Senate.

McHenry announced last week that he would not be sought. re-election He ends his term in January 2025. He has been considered a leader in the advancement of cryptocurrency legislation. It includes legislation to regulate stablecoins at the federal level and legislation that takes a comprehensive approach to cryptocurrency market structure. Both bills must win Senate support.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

COREWEAVE completes the AI ​​developer platform weight and bias acquisition.

May 9, 2025

HKMA reports stable credit conditions for SMEs in the first quarter of 2025.

May 9, 2025

Tether launches USD ES in KAIA blockchain to promote Web3 adoption in Asia.

May 9, 2025
Add A Comment

Comments are closed.

Recent Posts

COREWEAVE completes the AI ​​developer platform weight and bias acquisition.

May 9, 2025

Ether Lee’s Staying Surges: Is PECTRA attracting more than retail investors?

May 9, 2025

The new blockchain T-Rex raises $ 17 million in Web3 to convert the Layer Layer.

May 9, 2025

HKMA reports stable credit conditions for SMEs in the first quarter of 2025.

May 9, 2025

SEC’s CRENSHAW Slams Ripple Settlement, ‘Regulatory Vacuum’ Warning

May 9, 2025

Tether launches USD ES in KAIA blockchain to promote Web3 adoption in Asia.

May 9, 2025

Easy to get Daily Crypto -Bow Miner’s AI Cloud Mining can benefit while sleeping!

May 9, 2025

Bitcoin hit $ 101K to reclaim six pictures as Trump confirmed us. British trade transaction

May 9, 2025

Bitcoin’s APRIL SURGE sets a promising summer stage.

May 8, 2025

Bitcoin Options BTC’s potential to emphasize the new all -time high

May 8, 2025

Bitcoin increases to $ 101.7K due to the rapid increase in US strategic preliminary billing and the rapid increase in BTC.

May 8, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

COREWEAVE completes the AI ​​developer platform weight and bias acquisition.

May 9, 2025

Ether Lee’s Staying Surges: Is PECTRA attracting more than retail investors?

May 9, 2025

The new blockchain T-Rex raises $ 17 million in Web3 to convert the Layer Layer.

May 9, 2025
Most Popular

Price Analysis 9/9: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA

September 10, 2024

Illuvium Preview: Everything You Need to Know About NFT Games

November 27, 2023

John Deaton Files Amicus Brief in Support of Coinbase’s Appeal to the SEC

April 27, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.