Source: U.S. Senate Banking Committee not ready to push bill to combat cryptocurrency money laundering

The U.S. Senate Banking Committee is not ready to take immediate action on a series of legislative proposals, including a bill introduced by one of the Senate’s biggest cryptocurrency critics, Senator Elizabeth Warren, sources have revealed. Some Democrats on the Senate Banking Committee have been pushing legislation to address what they see as dangerous vulnerabilities for criminals and terrorists to abuse cryptocurrencies, but the panel is currently busy with other priorities and has not yet turned to crypto legislation, sources said. Even if Warren's bill wins approval at the committee level, it will likely require a bipartisan push to pass the closely divided Senate. But Warren's stance is unlikely to sway the House's partisan Republican majority. (CoinDesk)