• Warren stated that the crypto industry would have to be brought in line with other financial sectors within the U.S.
  • The senator’s anti-money-laundering bill, which would bring the Bank Secrecy Act to crypto, is awaiting approval.

U.S. Sen. Elizabeth Warren (D-Mass.) Elizabeth Warren (D-Mass.)

In an interview given to Bloomberg Television, Warren said: “I want to collaborate with the industry. What I don’t get is why they seem insistent that the only way they can survive is by having plenty of room for drug traffickers, human traffickers, terrorists, ransomware scammers, and consumer scammers ..,”.

Warren stated that everyone follows the same rules in the U.S. Financial System and crypto must follow those rules.

The Democrat referred to her “Digital Asset Anti-Money Laundering Act” bill, which would bring anti-money-laundering requirements to various crypto players, including miners, validators, wallet providers and others.

The bill was introduced by a senator who is vehemently against cryptography. It initially received some support. The bill has encountered some roadblocks, as the Senate Banking Committee is busy dealing with other.

Omkar Godbole is the editor.