Bitcoin supporters are voicing their concerns over a proposed crypto ban in the United States. The Chamber of Digital Commerce has highlighted issues with the Digital Asset Anti Money Laundering Act, which was introduced by Senator Elizabeth Warren and endorsed by 19 other senators. The “Stop The Crypto Ban” petition, launched by the Chamber of Digital Commerce on Change.org, has garnered nearly 10,000 signatures so far. The chamber argues that the proposed act could hinder innovation, negatively impact job opportunities, and undermine the cryptocurrency sector’s growth potential in the US economy. The trade association is urging citizens to sign the petition to prevent the ban and also commit to not supporting any cosponsor of the Digital Asset Anti-Money Laundering Act in future elections. While acknowledging the importance of regulation in ensuring the safety and integrity of the digital asset space, the Chamber has reservations about the current version of the legislation, as it could essentially act as a ban on digital innovation. The petition points out that the limitations of the bill could hamper consumer access to a wide range of financial tools and services offered by the digital asset ecosystem, impeding financial inclusion and choice. The petition specifically targets several senators, including Elizabeth Warren, and pledges not to support them in future elections unless they oppose the Digital Asset Anti Money Laundering Act in its current form. Warren, who has been a vocal critic of cryptocurrencies, has introduced multiple bills aimed at regulating or potentially banning them. The Digital Asset Anti-Money Laundering Act has gained bipartisan support and backing from various government departments and national security experts. However, concerns have been raised by experts and the crypto community regarding potential threats to user privacy and freedom. Critics argue that the bill places burdens on software developers and aims to eliminate privacy tools that protect crypto users. The bill’s passage remains uncertain due to a divided Congress entering an election year. While Warren believes her bill is necessary to combat illicit activities, critics propose a more balanced approach that targets specific criminal elements. They contend that the existing anti-money laundering system, followed by major crypto exchanges, effectively detects and prevents illicit crypto usage, with only isolated incidents being reported. The Digital Asset Anti-Money Laundering Act is seen as deeply flawed legislation that poses a genuine threat to the crypto community and could hinder technological progress.