US Senator Roger Marshall withdraws support for controversial encryption bill
Odaily2024/07/26 05:10
By:Odaily
Odaily News Republican U.S. Senator Roger Marshall withdrew his support for the Digital Asset Anti-Money Laundering Act (DAAMLA) on July 24. The bill was co-introduced by Marshall and Democratic Senator Elizabeth Warren in December 2022 to bring the crypto industry into the existing anti-money laundering and counter-terrorist financing framework. The bill defines decentralized wallet providers, validators, miners, etc. as financial institutions, requiring them to comply with the Bank Secrecy Act. Several crypto organizations criticized the bill for exaggerating the role of crypto in terrorist financing and warned that it could weaken the U.S. crypto industry. There are still 18 senators supporting the bill. Senator Warren is running for re-election in 2024, and pro-crypto lawyer John Deaton has announced that he will run as a Republican candidate to try to replace Warrens seat.
0
0
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.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Aptos Powers Digital Wallet for Expo 2025 in Osaka, Japan
CryptoNewsNet•2025/04/23 10:45
Why Ethereum Price is Up Today— Key Reasons Behind It
CryptoNewsNet•2025/04/23 10:44
Falcon Finance Integrates $sUSDf With Pendle for Enhanced Onchain Yield Generation
CryptoNewsNet•2025/04/23 10:44
US stocks erase Monday losses after Bessent calls China trade situation ‘unsustainable’
While Treasury Secretary Scott Bessent expects de-escalation in the future, he said negotiations have not yet started
Blockworks•2025/04/23 10:00
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$93,582.28
+5.86%

Ethereum
ETH
$1,795.28
+10.59%

Tether USDt
USDT
$1
+0.03%

XRP
XRP
$2.27
+8.01%

BNB
BNB
$609.74
+0.58%

Solana
SOL
$151.89
+8.62%

USDC
USDC
$0.9999
+0.00%

Dogecoin
DOGE
$0.1817
+11.16%

Cardano
ADA
$0.6992
+9.48%

TRON
TRX
$0.2456
-0.72%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now