1 year ago
A petition to halt a projected crypto prohibition successful the U.S. has gained traction. The Chamber of Digital Commerce explained that the Digital Asset Anti Money Laundering Act, introduced by Senator Elizabeth Warren and presently supported by 19 U.S. senators, is “a crypto ban” that “threatens to stifle innovation, harm occupation prospects, and undermine the U.S. system successful a assemblage that is burgeoning with potential.”
Petition to Stop Proposed Crypto Ban successful US
The “Stop The Crypto Ban” petition, initiated connected Change.org by the Chamber of Digital Commerce connected Dec. 16, has garnered astir 10,000 signatures astatine the clip of writing.
“As acrophobic citizens of the United States, we request you to motion this petition to halt a projected prohibition connected cryptocurrency,” the starring U.S. blockchain and integer plus commercialized relation wrote. “By signing this pledge, you hold to not enactment immoderate cosponsor of the Digital Asset Anti-Money Laundering Act successful immoderate aboriginal predetermination campaign.” The enclosure added:
The Digital Asset Anti Money Laundering Act, presently supported by 19 U.S. senators, threatens to stifle innovation, harm occupation prospects, and undermine the U.S. system successful a assemblage that is burgeoning with potential. It is simply a crypto ban.
Senator Warren introduced the Digital Asset Anti-Money Laundering Act successful December past year. Experts telephone the measure “the astir nonstop onslaught connected the idiosyncratic state and privateness of cryptocurrency users and developers we’ve yet seen.” The bill’s supporters person massively grown since its launch.
While acknowledging the value of regularisation for ensuring the information and integrity of the integer plus space, the enclosure expressed concerns astir the existent signifier of the legislation, emphasizing that it “is a prohibition connected integer innovation.” The enclosure went connected to outline its concerns, which encompass imaginable economical impact, restrictions connected innovation, arsenic good arsenic information and privateness issues. Moreover, the petition notes that the bill’s limitations could impede user entree to a divers array of fiscal tools and services provided by the integer plus ecosystem, thereby obstructing fiscal inclusion and choice.
The senators named successful the petition are Elizabeth Warren (D-MA), Roger Marshall (R-KS), Lindsey Graham (R-SC), Joe Manchin (D-WV), Dick Durbin (D-IL), Robert Casey (D-PA), Jeanne Shaheen (D-NH), Michael Bennet (D-CO), Gary Peters (D-MI), Richard Blumenthal (D-CT), Angus King (I-ME), Tina Smith (D-MN), Catherine Cortez-Masto (D-NV), Sheldon Whitehouse (D-RI), John Fetterman (D-PA), Ben Ray Lujan (D-NM), Laphonza Butler (D-CA), John Hickenlooper (D-CO), Raphael Warnock (D-GA), and Chris Van Hollen (D-MD).
“Considering these concerns, we, the undersigned, pledge not to enactment immoderate legislator successful immoderate aboriginal predetermination unless they reason the Digital Asset Anti Money Laundering Act successful its existent form. We impulse these members to see the semipermanent implications of this measure connected innovation, economical growth, and user freedom,” the enclosure stressed, elaborating:
We judge successful a aboriginal wherever integer assets are integrated into our economical model successful a mode that fosters innovation, protects consumers, and enhances the U.S. economy. We telephone connected our legislator to play a pivotal relation successful shaping this future, not stifling it.
What bash you deliberation astir this petition to halt the projected crypto ban? Let america cognize successful the comments conception below.
English (US) 