ChainCatcher news, according to The Block, U.S. Senator Roger Marshall has withdrawn his support for the anti-money laundering bill proposed by Elizabeth Warren. This move comes amid significant pressure from the crypto industry and the backdrop of Donald Trump's support for crypto.Marshall became the first co-sponsor to withdraw support this week, although the bill still has the backing of 18 other senators. The bill aims to strengthen the U.S. anti-money laundering regulations for digital assets, requiring digital asset service providers, miners, and validators to adhere to stricter customer identification and anti-money laundering responsibilities. The crypto industry has strongly opposed this bill, arguing that it would negatively impact decentralized finance and could stifle innovation in the industry. The Chief Policy Officer of the Digital Chamber stated that the bill is essentially a "backdoor ban" on blockchain technology.

ChainCatcher News, U.S. Senator Elizabeth Warren (Democrat from Massachusetts) stated in a letter to the Blockchain Association that the lobbying efforts of the cryptocurrency industry "undermine" the federal government's anti-terrorism efforts, claiming that cryptocurrencies are used by terrorist organizations, including Hamas, to evade sanctions. Warren accused the Blockchain Association and "other cryptocurrency interest groups" of lobbying efforts that "focus on delaying and denying new rules to restrict the use of cryptocurrencies by terrorists and criminals."

ChainCatcher news, according to The Wall Street Journal, three U.S. senators have sent a letter to Binance founder Changpeng Zhao and his top U.S. deputy Brian Shroder stating that "Binance and its related entities have deliberately evaded regulators, transferring assets to criminals and sanction evaders, and hiding essential financial information from their customers and the public."The senators requested that Zhao and Brian Shroder provide a copy of Binance's balance sheet since 2017, as well as the number of U.S. users on its platform during that period. Additionally, the senators requested documents related to Binance's anti-money laundering policies and procedures; information regarding the relationship between global exchanges and their U.S. affiliates; and disclosure of any communications that may indicate compliance restrictions, and demanded that Binance respond by March 16.In response, Binance stated in a statement that much misinformation about the company has been circulated, but they appreciate the senators' request and will provide information to help them better understand the company. (Source link)