US Senator Elizabeth Warren’s proposed Digital Asset Anti-Money Laundering Act of 2023 (DAAMLA) has encountered substantial opposition from the Blockchain Association, a leading advocate for the crypto community. Along with 80 signatories with national security and military backgrounds, the association has voiced its concerns through a letter to key congressional committees, marking a second such initiative following an initial letter sent in November 2023.
Blockchain Group Challenges Elizabeth Warren’s Crypto Bill
The Blockchain Association’s latest outreach effort highlights the growing apprehension surrounding the potential consequences of DAAMLA. The association argues that the legislation threatens America’s strategic interests and economic well-being, suggesting it could undermine the nation’s competitiveness and jeopardize thousands of US jobs.
Furthermore, the group questions the bill’s effectiveness in curbing illicit activities within the crypto market, indicating
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