Senator Elizabeth Warren’s bill, which aims to tackle money laundering in the cryptocurrency industry, is getting more backing from both sides of the aisle.
With the participation of 12 senators, including important committee leaders, it shows that there is a rising bipartisan interest in tackling these problems.
Senator Roger Marshall’s involvement as a lead co-sponsor from the Republican side suggests that there is a bipartisan effort to address this matter.
This bipartisan support suggests that lawmakers from various ideological perspectives recognize the importance of addressing money laundering and illicit activities within the cryptocurrency space.
The involvement of key committee chairs, such as Homeland Security Chair Gary Peters and Judiciary Chair Dick Durbin, further highlights the seriousness with which Congress is approaching this issue.
Senators Lindsey Graham (R-S.C.) and Joe Manchin (D-W.Va.) are also involved in this bill and have backing from both political parties.
Elizabeth Warren’s recent step to bring more people on board is another indication that politicians on Capitol Hill are becoming more concerned about the potential misuse of cryptocurrencies by criminals.