In a bid to address the government’s growing concerns surrounding the illicit use of digital assets, Senators Elizabeth Warren and Roger Marshall have introduced the Digital Asset Anti-Money Laundering Act of 2023.

The Digital Asset Anti-Money Laundering Act of 2023

The proposed legislation aims to bolster national security by closing loopholes and ensuring that the digital asset ecosystem aligns with existing anti-money laundering and combating the financing of terrorism (AML/CFT) frameworks governing traditional financial systems.

Source: X

According to the filing, the motivation behind the proposed legislation stems from alarming reports by multiple national…

Read more on bitcoinnews