Senator Roger Marshall withdrew his support for the Digital Asset Anti-Money Laundering Act (DAAMLA) that he and Senator Elizabeth Warren proposed in 2022. 💼
- Marshall withdrew from the "co-sponsor" role on July 24, leaving 18 senators in support.
- DAAMLA aims to regulate the crypto industry under anti-money laundering and terrorist financing regulations.
- Many crypto organizations criticized this bill for exaggerating the role of crypto in illegal activities and could weaken the crypto industry in the US.
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