Crypto Faces Regulatory Crackdown as Senators Unite Behind the Digital Asset Anti-Money Laundering Act

On September 15th, U.S. Senator Elizabeth Warren announced an increase to the growing alliance of bipartisan support for the Digital Asset Anti-Money Laundering Act.

Elizabeth Warren reported that 9 new Senators will be co-sponsoring the legislation.

The 9 Senators joining the bipartisan coalition are:

• Gary Peters (D-Mich.)
• Dick Durbin (D-Ill.)
• Tina Smith (D-Minn.)
• Jeanne Shaheen (D-N.H.)
• Bob Casey (D-Pa.)
• Richard Blumenthal (D-Conn.)
• Michael Bennet (D-Colo.)
• Catherine Cortez Masto (D-Nev.)
• Angus King (I-Maine)

After the addition of the new Senators, the Digital Asset Anti-Money Laundering Act is now supported by 15 total Co-Sponsors: (12 Democrats, 2 Republicans, 1 Independent).

The Digital Asset Anti-Money Laundering Act of 2023 (also known as bill S. 2669) was introduced into the Senate, on July 27th, by U.S. Senators Elizabeth Warren (D-Mass.), Roger Marshall (R-Kan.), Joe Manchin (D-W.Va.), and Lindsay Graham (R-S.C.).