Lawmakers Renew Bill to Counter Use of Digital Assets for Sanctions Evasion
Reps. Zach Nunn, R-Iowa, and Jim Himes, D-Conn., reintroduced a bill March 26 that would require the administration to develop a strategy to prevent the use of digital assets for illicit activity, including sanctions evasion. The Financial Technology Protection Act,…
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which the House passed in the last Congress (see 2407230002), was referred to the House Financial Services Committee. Sen. Ted Budd, R-N.C., is expected to reintroduce a Senate companion.