As cryptocurrencies gain traction in the global financial environment, an undercurrent of legislative apprehension brews in the United States. Senator Elizabeth Warren’s campaign to address malpractices in the crypto industry has garnered a broader base of bipartisan support.
Nine more senators have aligned with Warren’s proposed Digital Asset Anti-Money Laundering Act, which Senator Roger Marshall (R-Kan.) co-sponsors.
Elizabeth Warren’s Anti-Crypto Army
The new additions to Warren’s coalition include a mix of moderate and progressive members. Therefore hinting at a unified concern that transcends party lines.
Senators Gary Peters (D-Mich.) and Dick Durbin (D-Ill.), both chairing key Senate committees — Homeland Security and Judiciary, respectively — feature prominently in this list. The inclusion of Senators Tina Smith (D-Minn.), Angus King (I-Maine), Jeanne Shaheen (D-N.H.), Bob Casey (D-Pa.), Richard Blumenthal (D-Conn.), Michael Bennet (D-Colo.), and Catherine Cortez Masto (D-Nev.) only serves to underscore the gravity with which the Senate views the crypto industry.
“Our expanding coalition shows that Congress is ready to take action – our bipartisan bill is the toughest proposal on the table cracking down on crypto’s illicit use and giving regulators more tools in their toolbox,” Warren said.
Read more: What Could Elizabeth Warren’s Senate Reelection Bid Mean for the Crypto Industry?
This surge of support echoes a growing unease about the illicit applications of crypto. With Capitol Hill’s attention increasingly zooming in on the market’s vulnerabilities, such as
Go to Source to See Full Article
Author: Bary Rahma
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Donate Bitcoin Cash to BTC Newswire
Donate Ethereum to BTC Newswire
Donate Litecoin to BTC Newswire
Donate Monero to BTC Newswire
Donate ZCash to BTC Newswire
