The most consequential crypto legislation in the world is moving forward in the U.S. Senate. As written, it leaves the United States exposed to money laundering, sanctions evasion, and conflicts of interest at the highest levels of government, argues Greytak. The Digital Asset Market Clarity Act, which cleared the Senate Banking Committee on May 14 , will set the rules of the road for an industry that has grown faster than the laws meant to govern it. Almost everyone agrees that crypto regulati…
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