Opinion: Warren’s digital asset anti-money laundering bill may be unconstitutional and unlikely to pass
Daniel Kuhn, the deputy editor of "Consensus" magazine, wrote that the digital asset anti-money laundering bill signed by Senator Elizabeth Warren (Democrat from Massachusetts) and several members of the Senate Banking Committee may be unconstitutional and unlikely to pass. The reason is the same as many reasons why governance in the United States is often obstructed: partisan politics, infighting, and deadlock. The main goal of the bill is to attack cryptocurrency as a trend, as well as the narrow issue of cryptocurrency being used to fund terrorism, money laundering, and other criminal activities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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