Sen. Elizabeth Warren, D-MA, has drawn more support for a bill meant to crack down on the use of crypto in illegal activities, including money laundering, drug trafficking and sanctions evasion.
Alongside five new co-sponsors, including three fellow members of the Senate Banking Committee, and with support from organizations including the Bank Policy Institute, Warren laid out a bill Monday that would extend Bank Secrecy Act responsibilities, including know-your-customer requirements, to digital asset wallet providers, miners, validators and other network participants that may act to validate, secure or facilitate crypto transactions.
