ChainCatcher news, Republican Senator Roger Marshall has withdrawn his support for the Digital Asset Anti-Money Laundering Act, which he co-authored with Democratic Senator Elizabeth Warren in 2022, aimed at regulating the cryptocurrency industry under the existing anti-money laundering and counter-terrorism financing framework.Currently, according to the official congressional directory regarding the bill, there are still 18 senators supporting the legislation.

ChainCatcher news, according to Cointelegraph, U.S. Senators Marshall and Warren are engaging with the largest banking lobby group in the U.S., the American Bankers Association (ABA), seeking its assistance in drafting a cryptocurrency ban bill.In response, Coinbase CEO Brian Armstrong expressed disappointment and added, "As we enter 2024, anti-crypto is a very bad political strategy."