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US House Passes Bill to Create Working Group on Crypto Use in Terrorism and Money Laundering

US House Passes Bill to Create Working Group on Crypto Use in Terrorism and Money Laundering

CointimeCointime2024/07/23 01:14
By:Cointime

The U.S. House of Representatives has passed a bill to establish a government working group to investigate the use of digital assets in terrorism and money laundering. However, the legislation is unlikely to become law without a Senate counterpart. Industry representatives have also reached out to Vice President Kamala Harris, urging her to embrace cryptocurrency as a presidential candidate. Despite the growing prominence of crypto in the political arena, the likelihood of a regulatory approach to the industry being agreed upon by a narrowly divided Congress remains slim.

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