The "Digital Asset Anti-Money Laundering Act" initiated by Senator Elizabeth Warren has gained five new Senate supporters

ChainCatcher news, according to The Block, Senator Elizabeth Warren's Digital Asset Anti-Money Laundering Act has gained five new supporters among U.S. senators. Three of the new members serve on the Senate Banking Committee alongside Elizabeth Warren. The committee may play a significant role in cryptocurrency legislation that could pass next year.

It is reported that the Digital Asset Anti-Money Laundering Act has faced criticism from the crypto industry, as the bill aims to extend the requirements of the Bank Secrecy Act to miners, validators, wallet providers, and KYC, among others. Elizabeth Warren stated, "Cryptocurrency technology should be governed by the same transparency rules as traditional banks to protect the American people and help ensure it is not used to facilitate illegal activities by criminal enterprises and rogue nations."