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Elizabeth Warren’s Crypto Money Laundering Push Gains Momentum As Senate Support Grows

Senator Elizabeth Warren (D-Mass.) on Monday announced additional support from her colleagues for the bipartisan Digital Asset Anti-Money Laundering Act. This bill aims to address the growing concerns around the use of cryptocurrencies in money laundering, drug trafficking, and other illegal activities. The legislation has garnered the support of five new senators, including three members of the Senate Banking, Housing, and Urban Affairs Committee – Senators Raphael Warnock (D-Ga.), Laphonza Butler (D-Calif.), and Chris Van Hollen (D-Md.). The proposed legislation seeks to mitigate the risks a…