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The Guardian - US
The Guardian - US
World
Ed Pilkington

Warren pushes bipartisan bill to regulate crypto firms after FTX collapse

Elizabeth Warren Crypto United States Roger Marshall FTX Sam Bankman-Fried Republican
Senator Elizabeth Warren: ‘I’ve been ringing the alarm bell in the Senate on the dangers of these digital asset loopholes.’
Senator Elizabeth Warren: ‘I’ve been ringing the alarm bell in the Senate on the dangers of these digital asset loopholes.’ Photograph: Elizabeth Frantz/Reuters

Elizabeth Warren is pressing Congress to adopt new bipartisan legislation which would force crypto firms to abide by the same regulations as banks and corporations in an attempt to crack down on money laundering through digital assets.

The Democratic US senator from Massachusetts is pushing for the new controls on the crypto industry in the wake of the spectacular collapse of the cryptocurrency exchange FTX. On Tuesday its founder and former CEO Sam Bankman-Fried was charged with eight criminal counts including conspiracy to commit money laundering.

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