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.

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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.

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