The drafting process of the Digital Asset Anti-Money Laundering Act has come under scrutiny as concerns mount over the notable involvement of big banks. Critics argue that the participation of major financial institutions in shaping legislation designed to regulate digital assets may create conflicts of interest and hinder the development of a fair and inclusive regulatory framework. The concern centers around the potential influence of traditional financial players seeking to protect their interests in the evolving digital asset landscape. Skeptics worry that such influence could stifle innovation and impede the growth of smaller, more agile players in the cryptocurrency sector. As the regulatory landscape for digital assets takes shape, the spotlight on the involvement of big banks highlights the need for a balanced and transparent approach to ensure a regulatory framework that fosters innovation while addressing legitimate concerns about money laundering. #DigitalAssets #AML #Regulation #BigBanks #BlockchainNews #CryptocurrencyRegulation Source: Blockchain News