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Sen. Warren draws more support for crypto crackdown bill

December 12, 2023


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.

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