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»BITCOIN NEWS»U.S. Senator Elizabeth Warren introduces Bill To. "crackdown" Bitcoin and cryptocurrency
BITCOIN NEWS

U.S. Senator Elizabeth Warren introduces Bill To. "crackdown" Bitcoin and cryptocurrency

By Crypto FlexsDecember 12, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
U.S. Senator Elizabeth Warren introduces Bill To. "crackdown" Bitcoin and cryptocurrency
Share
Facebook Twitter LinkedIn Pinterest Email

Today, U.S. Senator Elizabeth Warren introduced legislation to address concerns surrounding the alleged misuse of digital currencies in illicit activities, citing money laundering, drug trafficking, sanctions evasion, and more.

The bill, which has the support of a coalition within the Banking Committee, marks a significant push to strengthen oversight and regulation within the Bitcoin and cryptocurrency space. Senator Warren addressed the risks associated with cryptocurrencies, stressing that digital currencies are used as a vehicle for criminal activity and that this must be addressed through a rigorous regulatory framework.

“Treasury believes that terrorist groups, rogue states, drug lords, ransomware gangs and fraudsters can launder billions of dollars in stolen funds, evade sanctions, fund illicit weapons programs and profit from destructive cyberattacks. There is,” Warren said. “I am pleased that five new senators, including three members of the Banking Committee, are joining the fight to take action. Our bipartisan bill is the toughest proposal yet to crack down on the illicit use of cryptocurrencies and give regulators more tools. ”

Senator Warren’s bill would expand Bank Secrecy Act (BSA) responsibilities, including know-your-customer (KYC) requirements, and mandate more stringent reporting requirements, including filing reports for “transactions involving non-hosted wallets.” aims to do so. It’s all an attempt to “close loopholes and increase the level of compliance in the digital asset ecosystem.”

The bill has been endorsed by Bank Policy Institute, Massachusetts Bankers Association, Transparency International US, Global Financial Integrity, National District Attorneys Association, Major County Sheriffs of America, Massachusetts Sheriffs’ Association, AARP, National Consumer Law Center and National Consumers League.

The proposed legislation comes at a time when Bitcoin’s popularity and adoption has surged globally, especially in the United States. Next month, the Securities and Exchange Commission (SEC) must decide whether to approve America’s first Bitcoin exchange-traded fund (ETF), which, if approved, could lead to massive institutional and retail demand for BTC.

Last Thursday, Senator Warren went live on CNBC and claimed that North Korea is using Bitcoin and cryptocurrencies to finance nearly half of its nuclear weapons program.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Bitcoin Is An Unreplicable Lifeline In Authoritarian Regimes

June 6, 2025

South Africa central bank insists on the ‘old -fashioned’ exchange control law, which is still valid for encryption regulations.

June 5, 2025
Add A Comment

Comments are closed.

Recent Posts

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Coinbase adds a pancake swap to Roadmap to Surges for BNB Chain Dex to record $ 173,000,000 in monthly.

June 7, 2025

Nautilus launches anti -tamper prevention Oracles in Sui Mainnet.

June 7, 2025

Binance Alpha Listing Drive Skating Token Price 33%

June 7, 2025

Data Center security improvement: Role and risk of base board management controller

June 7, 2025

Is the Solana -SOL route that is involved in whale movements still alive for $ 160?

June 7, 2025

Gala Games unveils a new byte pack in VEXI village.

June 7, 2025

XRP price prediction by reducing the volume of RLUSD (RIPPLE USD)

June 7, 2025

ARCA is disappointed with the IPO allocation and dumps the circle sharing.

June 7, 2025

Eigenlayer starts the redistribution function in testnets

June 6, 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

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Coinbase adds a pancake swap to Roadmap to Surges for BNB Chain Dex to record $ 173,000,000 in monthly.

June 7, 2025
Most Popular

TOKEN 2049 BNB Chain Showcase from Demo Day and Clubhouse

April 26, 2025

BNB Smart Chain (BSC) has recorded its highest trading volume ever. Emphasis on network stability and capacity

December 11, 2023

Exploring the possibility of a new peak for Ethereum in 2024

December 1, 2023
  • 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.