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International Business Times
International Business Times
Business
Marvie Basilan

Ex-government Officials Urge Congress To Strike Down Warren Bill Targeting Crypto Laundering

CIA Elizabeth Warren Congressional National The Blockchain Association National Security Roger Marshall Thom Tillis Bitcoin blockchain
U.S. Senator Elizabeth Warren (D-MA) speaks during a Senate Finance Committee hearing. (Credit: Reuters / POOL)

A group of former national security and military professionals have urged Congress to block a bill introduced by senators Elizabeth Warren, D-Mass. and Roger Marshall, R-Kan., that seeks to place cryptocurrency companies under anti-money laundering policies.

The group, alongside the Blockchain Association, wrote in a letter to Congressional leaders that the proposed Digital Asset Anti-Money Laundering Act (DAAMLA) "risks our nation's strategic advantage, threatens tens of thousands of U.S. jobs, and bears little effect on the illicit actors it targets."

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