This is, in the grand scheme of things, exactly how Warren’s AML operates. Warren’s proposal is written in such a way to increase reporting requirements for nearly every corner of crypto. This includes anything from centralized exchanges, where filing “suspicious activity reports” (SARs) might make sense, and for parts and players in blockchain where the concept of collecting information on users is … asinine, like node operators and software developers.
Warren’s Crypto Bill Is Likely Unconstitutional. It’s Also Unlikely to Pass
