According to Foresight News, five US senators, including Massachusetts Democrat Elizabeth Warren, have jointly introduced the 'Digital Asset Anti-Money Laundering Act'. The bill aims to extend the requirements of the Bank Secrecy Act, including Know Your Customer (KYC) rules, to miners, validators, wallet providers, and others.
The proposed legislation seeks to strengthen the regulatory framework surrounding digital assets and prevent money laundering activities in the sector. By extending the Bank Secrecy Act requirements, the bill aims to ensure that all participants in the digital asset ecosystem adhere to strict anti-money laundering standards.