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Will a bipartisan bill help close crypto money laundering loopholes?

The bipartisan bill will help close crypto money laundering loopholes and strengthen enforcement to better safeguard U.S. national security.” “Following the September 11, 2001 terrorist attacks, our government enacted meaningful reforms that helped the banks cut off bad actors’ from America’s financial system.

Will a bipartisan bill stop crypto crime?

“This bipartisan bill is the toughest proposal on the table to crack down on crypto crime and give regulators the tools they need to stop the flow of crypto to bad actors.” “This legislation is a matter of national security.

What does Warren's crypto Bill mean for consumers?

The legislation comes as Warren and other lawmakers are scheduled to hold a hearing on Wednesday about the crypto crash and the harm to consumers. The bill would also force regulators to push ahead with new restrictions aimed at closing a gap for digital wallets that lets people bypass anti-money laundering and sanctions checks.

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