The U.S. Senate Banking's Subcommittee on Digital Assets conducted a hearing focused on establishing a bipartisan legislative framework for digital assets. This event followed the release of principles for market structure by notable Senators. Important discussions centered around the need for effective anti-money laundering and anti-terrorist financing rules in the digital asset space to combat illicit activities. The hearing featured a panel of experts who emphasized the urgency for legislative action to regulate the growing digital asset market while ensuring consumer protection and promoting innovation.
"It's critical to establish robust frameworks for anti-money laundering and anti-terrorist financing in the digital asset space. Without them, we risk enabling further illicit activity."
"The Senate's proposed principles are a step toward ensuring a responsible approach to regulating the digital asset market while fostering innovation and protecting consumers."
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