US Lawmaker Raises Concerns Over Elizabeth Warren’s Crypto Bill’s Impact on Counter-Terrorism Efforts
A US official has raised concerns about a provision in Senator Elizabeth Warren’s proposed bill on digital assets.
During a hearing on “Crypto Crime in Context” held on February 15, Representative French Hill and other lawmakers questioned crypto experts about the implications of subjecting digital asset miners and validators to the same regulations as financial institutions.
Hill is the chair of the House Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion, which is intended to promote financial and economic inclusion.
Senator Warren’s bill, called the Digital Asset Anti-Money Laundering Act, aims to modify the Bank Secrecy Act to impose new standards on crypto providers in order to combat the financing of terrorist organizations.
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