Warren has emerged as a lead lawmaker on crypto oversight and is trying to build support behind a bill that would have sweeping implications for the industry
Warren said in an interview that regulators have tools to address consumer fraud but that “money laundering is in a different space.”
It’s a concern that resonates across the aisle. Warren said she tried to recruit Marshall as a bill co-sponsor in December after watching his questions at a Senate hearing, where he raised concerns about crypto’s use in ransomware cyberattacks and drug trafficking. Warren has also cited sanctions evasion as a risk.
Marshall said he’s hoping to have support from bankers, who also have to comply with illicit finance safeguards.
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