U.S. Senator Roger Marshall, R-Kan. has withdrawn from a proposed crypto anti-money laundering bill he originally introduced with Sen. Elizabeth Warren, D-Mass.

Marshall pulled his support for the controversial Digital Asset Anti-Money Laundering Act of 2023 (DAAMLA) this week, becoming the first co-sponsor to do so, according to Congress legislative records. The bipartisan bill still has support from 18 co-sponsoring senators, however.

Warren and Marshall first introduced the bill in December 2022, designed to tighten U.S. anti-money laundering rules for digital assets. “The crypto industry should follow common-sense rules like banks, brokers and Western Union, and this legislation would ensure the same standards apply across similar financial transactions,” Warren said at the time.

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