Warren Gains Bipartisan Support for Crypto Regulation Bill to Curb Money Laundering

Senator Elizabeth Warren announces 9 additional senators support her bill to crack down on crypto's illegal uses like money laundering.
The bipartisan Digital Asset Anti-Money Laundering Act aims to regulate noncustodial wallets and expand anti-money laundering rules.
Warren believes there is a $50 billion crypto tax gap, with the IRS missing out on billions in potential tax revenue.
The bill has support from law enforcement, consumer protection, and transparency groups.
Warren reintroduced an updated version of the bill in July 2022 with senators from both parties.

cointelegraph.com

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9/18/2023

Warren's Crypto Money Laundering Bill Gains Support But Faces Pushback

A bipartisan bill backed by Elizabeth Warren to target money laundering in crypto has gained support from key lawmakers, but its passage remains uncertain due to a divided Congress and opposition from crypto lobbyists.

10/13/2023

Lawmakers Scrutinize Cryptocurrency's Role in Financing Hamas Attacks on Israel

The recent reports of militant groups, including Hamas, receiving financing via digital currencies has increased scrutiny on the cryptocurrency industry, leading to a push by Elizabeth Warren to impose new anti-money laundering rules on crypto and an examination by Senate Banking Chair Sherrod Brown into crypto's role in the Israel attacks, highlighting concerns over the potential use of cryptocurrencies in terrorism financing and financial crime.

10/13/2023

Warren introduces bipartisan bill to extend anti-money laundering rules to crypto to combat illicit financing

Elizabeth Warren, a critic of cryptocurrency, argues that the recent revelation of Hamas funding through cryptocurrency strengthens her case for legislation targeting crypto money laundering and sanctions abuses.

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Posted 9/18/2023, 7:30:00 AM

Warren Gains Bipartisan Support for Crypto Regulation Bill to Curb Money Laundering

Senator Elizabeth Warren announces 9 additional senators support her bill to crack down on crypto's illegal uses like money laundering.
The bipartisan Digital Asset Anti-Money Laundering Act aims to regulate noncustodial wallets and expand anti-money laundering rules.
Warren believes there is a $50 billion crypto tax gap, with the IRS missing out on billions in potential tax revenue.
The bill has support from law enforcement, consumer protection, and transparency groups.
Warren reintroduced an updated version of the bill in July 2022 with senators from both parties.

cointelegraph.com

Relevant topic timeline:

9/18/2023

Warren's Crypto Money Laundering Bill Gains Support But Faces Pushback

10/13/2023

Lawmakers Scrutinize Cryptocurrency's Role in Financing Hamas Attacks on Israel

10/13/2023

Warren introduces bipartisan bill to extend anti-money laundering rules to crypto to combat illicit financing