According to legal expert John E. Deaton, 20% of the US Senate has agreed to support Senator Elizabeth Warren's bill to tighten regulations in the cryptocurrency industry. Deaton also noted that the danger lies in the national narrative regarding crypto that is being controlled and framed by the bill, rather than the bill itself. While none of Warren's bills related to crypto have passed in Congress since 2015, she has recently announced an expanded coalition of support for the Digital Asset Anti-Money Laundering Act. Ryan Selkis, CEO of Messari, warns that the crypto industry should not underestimate Warren's potential to harm the industry.

A cryptocurrency advocacy organization based in the United States is opposing Senator Elizabeth Warren and other lawmakers who are linking cryptocurrency to terrorism. Earlier, Warren and more than 100 lawmakers signed a letter calling for the suppression of illegal cryptocurrency activities, claiming that these activities are used to fund Hamas and the Palestinian Islamic Jihad organization. Aya Fanusie, the director of anti-money laundering at the Cryptocurrency Innovation Committee, said that Warren's proposed solutions to some of these issues cannot address problems that occur outside the jurisdiction of the US judiciary. The Blockchain Association and the Cryptocurrency Innovation Committee stated that the terrorist organization Hamas has reduced its use of Bitcoin because authorities can more easily track funds.