The Blockchain Association has sent a second letter expressing its concerns over Senator Elizabeth Warren’s proposed Digital Asset Anti-Money Laundering Act of 2023 (DAAMLA).

The letter, signed by 80 former national security and intelligence officials, argues that Warren’s bill “risks our nation’s strategic advantage, threatens tens of thousands of U.S. jobs, and bears little effect on the illicit actors it targets.”

This new letter forms a response to Sen. Warren’s criticism of the initial letter sent to her office in November 15, 2023. The Blockchain Association claims that Sen. Warren questioned the “motivations and integrity of scores of [U.S.] military and intelligence veterans without addressing” the substance of the arguments laid out for her consideration.

An industry trade group advocating for the crypto industry in Washington, the Blockchain Association’s members include Coinbase, a16zcrypto, dYdX, Chainalysis, Consensys, EigenLayer, Optimism, Polygon Labs, 0x Labs, Ripple, Solana Foundation, Uniswap, and Digital Currency Group, among other major crypto and venture capital firms in the industry.

Sen. Warren’s DAAMLA was introduced in the US Senate on December 15, 2022. The bill is stipulates an enhanced framework for regulation the use of digital assets, particula

Go to Source to See Full Article
Author: Vince Dioquino

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details