Wall Street Banks Side With Nemesis Elizabeth Warren on Crypto Crackdown
- Renewed bipartisan push to curb crypto-related crime
- Bill gets backing from Bank Policy Institute trade group
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Wall Street banks and Senator Elizabeth Warren have finally found something they can agree on: the need to crack down on crypto.
The Bank Policy Institute, a trade group for lenders that Warren often blasts, threw its weight behind bipartisan legislation that the Massachusetts Democrat and three of her Senate colleagues reintroduced this week. The bill aims to force the crypto industry to comply with tougher rules for combating money laundering and terrorism financing.