Stop the crypto ban!

We’ve received concerning news from Capitol Hill: Senator Sherrod Brown, who serves as the Chairman of the Senate Banking Committee, is considering moving forward with S.2669, Senator Elizabeth Warren’s Digital Asset Anti-Money Laundering Act. This bill, if passed could lead to a ban on cryptocurrency within the United States. Advancing the bill for markup in the Committee is a significant action, as it represents a vital phase in the legislative process, edging the bill nearer to the possibility of being enacted into law.  

Today, we sent a letter to Chair Brown urging him against this move. You can view the full letter here. 

While Senator Warren’s bill purports to protect against money laundering, it is a wolf in sheep’s clothing—a back-door ban on cryptocurrency.  

What is at stake? 

The bill could be used as a gateway to restrict and hamper technological innovation and jeopardize the U.S. position in the global digital economy. Stifling regulations could drive the industry overseas, causing significant economic damage to millions of U.S. crypto holders and businesses. 

What is our position? 

S. 2669 is unworkable and is not worthy of consideration. Senator Warren has promoted the bill under false-pretenses and misled several senators about its implications using debunked data and incorrect narratives. Our team has met with all 19 co-sponsors of the bill, and many were surprised to learn about its far-reaching implications.  

Here’s a video of Senator Roger Marshall saying the bill is a “light touch.”  

We have been working WITH policymakers to create a common-sense regulatory framework for digital assets. We have endorsed several legislative proposals including The Financial Technology Protection Act, The CLARITY Act, The FIT for the 21st Century Act, and The Responsible Financial Innovation Act.  

We are creating a campaign named Stop the Crypto Ban and are fighting aggressively to kill this bill. 

What can you do? 

Sign the petition against the bill.  

Your support is crucial in preserving blockchain development and innovation in America.