According to the Daily Planet, the U.S. Senate Banking Committee is not ready to take immediate action on a series of legislative proposals, including the bill proposed by Senator Elizabeth Warren. Some Democrats on the Senate Banking Committee have been pushing for legislation to address what they believe are dangerous loopholes in the abuse of cryptocurrencies by criminals and terrorists, but the panel is currently busy with other priorities and has not yet turned to crypto legislation. Even if Warren's bill is approved at the committee level, it may require a bipartisan push to pass it in the deeply divided Senate.