Senator Mark Warner's proposed US law grants the President authority to block access to digital assets, impacting privacy and potentially forcing users onto KYC-compliant blockchains.
A new US law proposed by Senator Mark Warner grants the President authority to block access to digital assets, potentially impacting users' privacy. Critics argue the law may force users onto KYC-compliant and permissioned blockchain networks, and could be seen as a means to retain control over the crypto sector under the guise of anti-terrorism measures. The law, which broadly defines digital assets, empowers the president to block transactions between US residents and foreign entities linked to terrorism.
June 06, 2024
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