Blockchain Association, an organization representing the interests of the crypto industry, sent a letter to the U.S. Congress criticizing Senator Elizabeth Warren’s AML bill.
The Blockchain Association’s recent appeal, dated Feb. 13, features 80 notable signatories, among them former government officials, financial crimes experts, intelligence officers, and military service members. They argue that the bill “On Combating Money Laundering in the Field of Digital Assets,” authored by Warren, endangers the United States.
The letter states that passage of the bill would deprive the U.S. of a strategic advantage. The message’s authors emphasized that this could also lead to the loss of tens of thousands of jobs.
“We are witnessing a pivotal moment where the future of digital asset development hangs in the balance. Policymakers must consider the collective expertise of the signatories and recognize the invaluable role digital assets play in driving economic growth, fostering technological advancement, and protecting our nation’s security.”
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