Senator Warren & Others Introduce Bill To Tighten AML Rules On Crypto – December 14

๐Ÿ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:ย $18,103

Bitcoin price has crossed the $18,000 mark for the first time since last month, in a powerful breakout from its recent range.

Top-20 altcoins are a mixed bag, as Ethereum gains 1%, BNB falls 1% and Solana rises 6%, while many others remain unchanged over the last day of trading.

Top Stories for December 14, 2022 ๐Ÿ”ฅ

๐Ÿ‘‰ Senator Warren & Others Introduce Bill To Tighten AML Rules On Crypto

Senators Elizabeth Warren and Roger Marshall have introduced bipartisan legislation that would expand anti-money laundering rules to apply to digital assets.

The bill would require wallet providers, miners, validators and other network participants to comply with know-your-customer regulations, and would also prohibit financial institutions from using or interacting with transaction mixers.

The legislation has a low chance of becoming law during the current Congress, but may be reintroduced after the next one begins in January.

๐Ÿ‘‰ CZ Warns Binance Staff That Upcoming Months Will Be “Bumpy”

Binance CEO Changpeng Zhao (“CZ”) has reportedly warned employees of the exchange that he expects the โ€œnext several months to be bumpy.โ€

CZ referenced the increased scrutiny that crypto firms are facing after the dramatic collapse of its rival exchange, FTX. In the note, he added that he expects Binance will get through the challenging period.

On December 12, Binance experienced its highest net outflows since June, with $3.66 billion in assets leaving the exchange. High-profile figure have also spoken out against the platform’s recent attestation of customer funds, calling it inadequate.

๐Ÿ‘‰ 5.7 Million User Emails Allegedly Leaked From Gemini Exchange

Documents obtained by Cointelegraph appear to show that crypto exchange Gemini has suffered a data breach, resulting in the leak of over 5.7 million lines of information.

The leak involved email addresses, account numbers and partial phone numbers, however did not include information such as customer names or addresses. Some emails were repeated in the document, indicating that it is likely less than 5.7 million users had information leaked.