Support for the Digital Asset Anti-Money Laundering Act is gaining momentum among members of Congress. However, it is important to note that the majority of bills introduced by legislators do not ultimately pass into law. The Act aims to address the issue of money laundering in the digital asset space, a concern that has become increasingly prevalent with the rise of cryptocurrencies. While the growing support for the Act is promising, its ultimate fate will depend on the legislative process and the various factors that influence the passage of bills in Congress.
HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinDon’t panic: Only 11 of Elizabeth Warren’s 330 bills have ever passed