Elizabeth Warren introduces a bicameral bill to combat crypto money laundering; clashes with O’Leary
Join Our Telegram channel to stay up to date on breaking news coverage Sen. Elizabeth Warren is attempting to get a bipartisan crackdown on money laundering in the cryptocurrency industry passed through Congress as federal prosecutors work to put Sam Bankman-Fried, a former crypto darling, behind bars. According to Warren’s office, the Massachusetts Democrat will partner with Kansas Republican Sen. Roger Marshall to introduce new legislation on Wednesday that aims to close financial system flaws that put the nation’s security at risk by allowing the use of digital assets for money laundering. The Warren-Marshall crypto legislation is unlikely to pass this Congress due to time constraints. When the new Congress is seated, the bill will need to be reintroduced. By requiring cryptocurrency companies to follow the same rules that apply to banks and traditional businesses, the effort seeks to level the playing field. In an exclusive statement to CNN, Warren said, I...