U.S. House Passes Crypto Illicit Finance Bill That's Likely to be Rebuffed in Senate
Summary
The U.S. House of Representatives approved a bill to establish a government working group to address the use of digital assets in terrorism and money laundering. The bill, sponsored by Rep. Zach Nunn, aims to strengthen national security and regulate digital assets. However, the bill's passage into law is uncertain due to Senate's lack of action. The crypto industry is closely monitoring provisions in the National Defense Authorization Act. Additionally, the Digital Chamber sent a letter to Vice President Kamala Harris, urging a positive stance on digital assets and blockchain technology.
