Romney, Colleagues Introduce Crypto Anti-Money Laundering Bill to Stop Illicit Transfers
In an effort to prevent money laundering and stop crypto-facilitated crime and sanctions violations, Senators Romney (R-UT), Reed (D-RI), Rounds (R-SD), and Warner (D-VA) introduced the Crypto-Asset National Security Enhancement and Enforcement (CANSEE) Act. This bipartisan legislation requires decentralized finance (DeFi) services to meet the same anti-money laundering (AML) and economic sanctions compliance obligations as other financial companies, including centralized crypto trading platforms, casinos, and even pawn shops.