Sen. Warren vows reintroduction of AML bill that extends to DAOs and DeFi

A bi-partisan Anti-Money Laundering (AML) bill that covers “decentralized entities” such as decentralized finance (DeFi) protocols and decentralized autonomous organizations (DAOs) will soon be reintroduced to Congress, according to United States Senator Elizabeth Warren.

Warren, a vocal crypto critic, argued at the Feb. 14 Senate Banking Committee’s

According to a United Nations official speaking at a Counter-Terrorism Committee meeting in October 2022, cash is still the preferred choice for financing terrorists, although they are beginning to turn to crypto more frequently.

North Korean hackers operating with the Lazarus Group have also faced headwinds attempting to use crypto with the exchanges Binance and Huobi, who froze accounts they deemed to be linked to the hacker group.