A U.S. senator has withdrawn their support for Senator Elizabeth Warren's Digital Asset Anti-Money Laundering Act, a bill aimed at cracking down on the use of cryptocurrency in illicit activities. The senator, who previously co-sponsored the bill, cited concerns over the potential impact on innovation and the need for a more balanced approach to regulation. This development highlights the ongoing debate within the Democratic party regarding the appropriate regulatory framework for digital assets and the need to balance consumer protection with fostering innovation.Read more on CryptoPanic
Senator Withdraws Support for Warren’s Anti-Crypto Bill
