By Hannah Lang

THE Republican-led Senate Banking Committee has advanced long-awaited legislation that would create regulations for cryptocurrencies – a landmark ‌step for the bill which has been bogged down by a dispute between crypto companies and banks.

The bill, which was advanced with support from two Democrats, will now proceed to the full Senate, setting the stage for a fierce lobbying fight.

Subscribe now to have unlimited access

With our membership subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to…