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Warren, Marshall, Manchin, Graham Expand Coalition for Bipartisan Bill Cracking Down on Crypto's Use in Money Laundering, Drug Trafficking, Sanctions Evasion

Press Release

Date: Sept. 15, 2023
Issues: Finance and Banking Science, Technology and Communication

"Without proper regulation, crypto will continue to be used by bad actors to launder billions of dollars while sidestepping the anti-money laundering framework traditional financial institutions follow. This puts our national security at risk while criminals and terrorist organizations exploit regulatory loopholes. I'm supporting the Digital Asset Anti-Money Laundering Act to ensure crypto is subject to existing regulations, cracking down on the criminals using cryptocurrency to launder money, traffic drugs, and commit cybercrimes."


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