US representatives Zach Nunn (R-Iowa) and Jim Himes (D-conn) have changed a bill to help Fighting forbidden financial and terrorist financing on digital asset platforms After the previous version passed the House of Representative last year, it failed to advance to the Senate before the end of the Congress session.
The Financial Technology Protection Act (FTPA) introduced on Thursday will establish an interagency working group, as well as the insider of the crypto industry, to evaluate the activity related to terrorism and digital possessions.
An earlier version of the bill that -Clear in a routine vote of the house in July.
“Digital assets are a more important part of the global financial system, and it is important that the United States get a thoughtful security approach and change to maintain its leadership position,” the US policy director at the Crypto Council for Innovation, Rashan Colbert said in a statement that supported the bill.
The proposed working group will include representatives from the Department of Justice, Treasury Crime Implementation Network, Federal Bureau of Investigation, Department of State, Internal Revenue Service and more.
This Bipartisan Bill was among the many crypto initiatives that won home support last year, and efforts to address disagreements with disagreements have always been among the leading issues that lawmakers-especially the democrats-sought to make. President Donald Trump’s new administration has Damn And call for the law of digital assets, but it is more noticeable for the Stablecoin regulation and a comprehensive bill to set the rules for the structure of US crypto markets.
