Warren Gains Support for Bill to Extend AML Rules and Reporting to Crypto

Elizabeth Warren has gained support from 9 additional Democratic senators for her cryptocurrency regulation bill.
The bill aims to extend anti-money laundering rules to crypto exchanges and wallet providers.
It would require reporting on crypto accounts holding over $10,000 for US residents.
The bill targets unhosted wallets not tied to exchanges or centralized providers.
Warren asserts the bill will reduce illicit finance and bring transparency to crypto.

decrypt.co

Relevant topic timeline:

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.

9/25/2023

Gillibrand Pushes Fellow Dems to Make Crypto Regulation Bipartisan Priority

Sen. Kirsten Gillibrand is rallying fellow Democrats in Congress, particularly those on the Senate Banking Committee, to prioritize crypto regulation and believes that bipartisan support can be achieved through conversation and socialization of ideas in her digital assets bill co-authored with Sen. Cynthia Lummis; however, progress in the Senate remains uncertain due to crypto skepticism among some lawmakers and the current funding stalemate that may result in a government shutdown.

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, 10:53:51 AM

Warren Gains Support for Bill to Extend AML Rules and Reporting to Crypto

Elizabeth Warren has gained support from 9 additional Democratic senators for her cryptocurrency regulation bill.
The bill aims to extend anti-money laundering rules to crypto exchanges and wallet providers.
It would require reporting on crypto accounts holding over $10,000 for US residents.
The bill targets unhosted wallets not tied to exchanges or centralized providers.
Warren asserts the bill will reduce illicit finance and bring transparency to crypto.

decrypt.co

Relevant topic timeline:

9/18/2023

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

9/25/2023

Gillibrand Pushes Fellow Dems to Make Crypto Regulation Bipartisan Priority

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