The point of Elizabeth Warren's anti crypto bill is not to prevent money laundering but to maintain the control over general public's finances.

We all know that any bill that actually prevents money laundering will never pass because it will hurt the biggest mafia out there which is politicians.

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If the bill goes through It will make validators equivalent to banks and will have to follow all the rules that banks follow.

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And the final idea is to connect identities to wallet by making anonymous wallets illegal.

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What it will do is ,It will allow governments to target anyone who doesn't tow the government's mandates like the way Bank accounts of people who sent crypto to truckers that were protesting were frozen , that's what warren wants to bring to USA.

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The complete control over any financial transactions that people do.