Ex-Government Official Says DAAMLA Could Hurt U.S. Cryptocurrency Industry
The Blockchain Association and 80 former national security and military professionals wrote another letter to congressional leaders, this time calling for lawmakers to reject a bill aimed at bringing cryptocurrency companies into anti-money laundering policies. In a letter to four members of the House of Representatives and two senators, signatories said that the Digital Asset Anti-Money Laundering Act (DAAMLA) "jeopardizes our country's strategic advantage, threatens tens of thousands of American jobs, and has little impact on the illegal actors it targets." The signatories added that the bill, if passed, could push digital asset companies overseas, potentially increasing the liquidity of unregulated offshore exchanges. Tuesday's letter is the latest in a series of communications between the Blockchain Association, members of Congress, and former government officials.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget donates HK$12 million to support fire rescue and reconstruction efforts in Tai Po, Hong Kong
Bitget Spot Margin Announcement on Suspension of ELX/USDT Margin Trading Services
Enjoy perks for new grid traders and receive dual rewards totaling 150 USDT
Bitget Spot Margin Announcement on Suspension of BEAM/USDT, ZEREBRO/USDT, AVAIL/USDT, HIPPO/USDT, ORBS/USDT Margin Trading Services
