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CryptoGlobe
2023-12-20 10:51:55

Big U.S. Banks Collaborate on Controversial Crypto Bill, Sparking Backlash from Crypto Community

Big U.S. Banks Collaborate on Controversial Crypto Bill, Sparking Backlash from Crypto Community

Recent updates on the Digital Asset Anti-Money Laundering Act of 2022, a bill sponsored by Senator Elizabeth Warren (D-MA) on 15 December 2022 that proposes stringent banking regulations on crypto technology in the U.S., reveal substantial backing and involvement from key banking institutions and industry groups. The bill mandates specific federal financial agencies to formulate

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