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Crypto’s U.S. Policy Aims Face Resistance from Senator Warner
Crypto’s U.S. Policy Aims Face Resistance from Senator Warner
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BTCCSquare news:
The crypto industry's push to shield software developers from legal liability faces significant opposition from Democratic Senator Mark Warner. As the Senate prepares to reconvene, Warner's concerns about the House's Digital Asset Market Clarity Act threaten to derail one of the sector's key lobbying priorities.
Warner, a national security-focused lawmaker, has consistently raised alarms about DeFi's role in facilitating hacks and money laundering. His 2023 bill seeking to impose traditional AML requirements on decentralized platforms underscores the existential threat such regulations could pose to the DeFi ecosystem.
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