US Senator Warren Introduces New Bill to Track Private Crypto Wallet Transactions

Time：2022-03-08 Source： 1119 views Mining Copy share

U.S. Senator Elizabeth Warren is drafting a new bill aimed at tracking transactions from private crypto wallets.

According to NBC News, the new bill requires financial institutions to keep detailed records and submit reports to the U.S. Treasury Department so regulators can more easily verify the identities of customers who transfer funds to private crypto wallets. So far, though, Elizabeth Warren’s office has not disclosed the specifics of the proposal, and it’s unclear whether the new bill overlaps with the draft FinCEN rules.

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