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Elizabeth Warren's Digital Asset Anti-Money Laundering Act Gets Nine New Sponsors



U.S. Senator Elizabeth Warren has gained support from nine other senators for her Digital Asset Anti-Money Laundering Act, which aims to address the perceived risks associated with cryptocurrencies. The bill would extend regulatory requirements to cryptocurrency firms, including Know Your Customer (KYC) and Anti-Money Laundering (AML) measures. It would also target noncustodial wallets and require U.S. residents with over $10,000 in crypto held outside the country to submit reports.
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