“Stop The Crypto Ban” petition gains worldwide momentum
A petition initiated by the Chamber of Digital Commerce successfully secured nearly 10,000 signatures across the world.
As we know, The Digital Asset Anti-Money Laundering Act proposed by US Senator Elizabeth Warren secured support from 19 US Senators. With the multiple senator’s support for this new bill, Warren aimed to fight against the misuse of cryptocurrencies but deep investigations by the crypto advocates found that this Act is going to stop the innovations across the crypto sector as well as it will significantly harm the employment rates in the crypto sector. In short, The Digital Asset Anti-Money Laundering Act is just like a crypto ban bill for the US crypto market.
To fight against this Act, the Chamber of Digital Commerce initiated a petition “Stop The Crypto Ban” on Change.org. So far a total of 9,376 people have signed this petition.
In short, we can say that the petition secured the support of 10,000 people in 9 days and people are expecting that more than 1 lakh people will join this petition to oppose The Digital Asset Anti-Money Laundering Act.
Recently Elizabeth Warren alleged that the American Crypto exchange hired former USA government officials to impede the progress of regulations for crypto assets in the US jurisdiction.
In response, Coinbase exchange responded through a long letter officially and confirmed that hiring former government officials was only a part to save the US crypto investors.
We responded to Senator Warren's letter accusing @coinbase of hiring national security veterans as a way to fight bipartisan legislation.
— Faryar Shirzad
In our response, we said that:
– We are very proud of our record of rooting out illicit activity on our platform, and of our deep partnership…(@faryarshirzad) December 23, 2023
All these things show that Warren is playing a vital role in bringing rules & laws to stop crypto-related activities in the US.
On the other hand, crypto-friendly US senators like Cynthia Lummis, and Patrick McHenry already prepared their crypto bill and aimed to pass that bill in 2024.
Read also: Solana network activities hit an all-time high this year, Sol to $150 soon?
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