Crypto Industry Dubs Sen. Warren and Marshall’s Crypto Bill “Regressive”

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  • The back-to-back setbacks the crypto industry experienced in 2022 are playing in favor of vocal crypto critics, including prominent lawmakers, who have begun directing a barrage of criticism against everything the crypto ecosystem stands for.
  • Just a few days ago, Sens. Elizabeth Warren and Marshall presented the Digital Asset Anti-Money Laundering Act of 2022, which, as per the senators, will bring cryptocurrencies on par with TradFi in terms of anti-money laundering & Combating the Financing of Terrorism.
  • The crypto industry is up in arms against the proposed law, considering it regressive and not really helpful in preventing FTX-like events.
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Crypto Industry up in Arms

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