Sources: U.S. Senate Banking Committee not ready to take immediate action on crypto money laundering bill
Insiders familiar with the committee's plans revealed that the US Senate Banking Committee is not yet ready to take immediate action on a series of anti-money laundering proposals related to cryptocurrencies, including legislation proposed by Senator Elizabeth Warren, one of the Senate's biggest cryptocurrency critics.
Sources say that some Democrats on the Senate Banking Committee have been pushing for legislation to address what they see as dangerous loopholes in the use of cryptocurrencies by criminals and terrorists, but the group is currently focused on other priorities and has not turned to cryptocurrency legislation.
Even if Warren's bill is approved at the committee level, it may require bipartisan momentum to clear the heavily divided Senate.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget donates HK$12 million to support fire rescue and reconstruction efforts in Tai Po, Hong Kong
Bitget Spot Margin Announcement on Suspension of ELX/USDT Margin Trading Services
Enjoy perks for new grid traders and receive dual rewards totaling 150 USDT
Bitget Spot Margin Announcement on Suspension of BEAM/USDT, ZEREBRO/USDT, AVAIL/USDT, HIPPO/USDT, ORBS/USDT Margin Trading Services
