As a representative of the digital asset and blockchain industry, I write this letter to urge you to reconsider your position on the Digital Asset Anti-Money Laundering Act.
This proposed bill is designed to strip away the security layer from digital asset transactions, which are engineered to offer your constituents faster, more cost-effective solutions and serve as a shield against inflation. By potentially driving these critical security providers offshore, the bill risks destabilizing the progress and reliability that digital assets bring to the US economy — this would be perilous for US consumers and investors.
These are your constituents, and your support of…
Read more on Blockworks