The support for Senator Elizabeth Warren’s Digital Asset Anti-Money Laundering Act, aimed at preventing the illegal use of cryptocurrencies, has significantly expanded with the participation of nine other senators.
Preventing Illegal Activities Receives Strong Backing
According to a statement from Warren’s office, among the supporters are Senate Homeland Security and Government Affairs Committee Chairman Gary Peters and Senate Judiciary Committee Chairman Dick Durbin.
“Our growing coalition shows that Congress is ready to take action; our bipartisan bill is the toughest proposal on the table in the fight against the illegal use of cryptocurrencies and provides regulators with more tools.”Elizabeth Warren
The Bill Also Gains Approval from Prominent Organizations
This bill has also received approval from a range of prominent organizations. Institutions such as Transparency International, Global Financial Integrity, the National Association of Counties, the National Sheriffs’ Association, the National Consumer Law Center, and the National Consumers Union have all joined forces in supporting Warren’s cryptocurrency regulations.
Finally, the endorsement from key figures like Senate Homeland Security and Government Affairs Committee Chairman Gary Peters and Senate Judiciary Committee Chairman Dick Durbin adds further importance to Warren’s bill on the Congressional agenda.