US Senators have introduced a new bill with the stated aim of cracking down on money laundering in the crypto industry.
If passed, the Digital Asset Anti-Money Laundering Act will apply sweeping KYC rules to a larger number crypto participants, including miners, validators and developers.
- FI’s will be prohibited from transacting with digital asset mixers and privacy coins
- US persons will need to report transactions for transactions with digital assets above 10KUSD
https://www.warren.senate.gov/imo/media/doc/DAAML%20Act%20of%202022.pdf