Several U.S. senators, including Elizabeth Warren, Mitt Romney, Mark Warner, Mike Rounds, and Jack Reed, have introduced bills or called for updates to the Bank Secrecy Act to address the use of cryptocurrency in terrorist financing and illicit activities. Warren specifically highlighted concerns about North Korea using crypto to fund its nuclear weapons program. However, two crypto provisions addressing anti-money-laundering concerns were dropped from a must-pass bill. The increased politicization of crypto and the push for regulation with a light touch were also noted in the discussions.
US Lawmakers Launch Bill to Counter Terrorism and Threats Involving #DigitalAssets https://t.co/I35k1W7ETB
A U.S. Congress committee has quietly passed a pro-blockchain bill in the past few days. Get the details in this week’s Hodler's Digest. https://t.co/W8SWi9oZPp
N.K. activity increases at Panmunjom after inter-Korean military deal scrapped: NNSC generals https://t.co/MN55k0LR1F
North Korea has increased military activity at the Joint Security Area according to the Swiss and Swedish generals overseeing the Neutral Nations Supervisory Commission. (stock image) https://t.co/mT95G6fhnf
Under Julia Leung's leadership, Hong Kong's SFC is paving the way for licensed retail crypto trading, positioning the city as a key player in the crypto world. That’s why she’s among CoinDesk’s #MostInfluential2023: https://t.co/mMlUaFvJS7 https://t.co/aLLeOzpGeh
📣 Latest News: US gov't removes two crypto AML rules from national defense bill #news #cryptonews #crypto
US gov’t removes two crypto AML rules from national defense bill https://t.co/0jDD2pcGPY
US, South Korea and Japan urge stronger push to curb North Korea’s nuclear program https://t.co/Ei3Rov4MpF
The latest U.S. defense bill has left out two crypto regulatory law proposals to cover the parameters surrounding money laundering and examining financial institutions https://t.co/inOxdMqoJJ
In 2023, @SenWarren spearheaded legislative efforts and regulatory scrutiny to address crypto's challenges and potential risks. That’s why she’s among CoinDesk’s #MostInfluential2023: https://t.co/nHB2TJfwiE
U.S. Senator Bill Hagerty says Congress needs to regulate the crypto industry "with a light touch that doesn’t kill innovation in the U.S." https://t.co/CDt0pwaQLp
The Latest U.S. Bill Aims to Cut Off Cryptocurrency Financing of Terrorist Organizations https://t.co/I6AdloDnyC
A year since @IanAllison123's CoinDesk report that unraveled the FTX saga — a defining moment in crypto journalism — it is continuing to shape the narrative of crypto accountability. That’s why he’s among our #Mostinfluential2023 https://t.co/vY4VzhOw0m https://t.co/nZxq7yw5cM
National security officials with the U.S., South Korea and Japan discussed North Korea's effort to use crypto to fund its WMD program, among other issues, at a trilateral meeting Saturday, the White House said. @nikhileshde reports https://t.co/tSoe2N92tx
North Korea is getting new ships https://t.co/8P8kWcnsxR
Two crypto provisions addressing anti-money-laundering concerns were dropped from a must-pass bill, ending a backdoor effort to get digital-asset rules passed this year in the U.S. @nikhileshde reports https://t.co/5n6TtZuN8a
CoinDesk's #MostInfluential2023 list brings to light the individuals driving significant change and innovation in the blockchain and digital asset sector. Explore the list: https://t.co/E6FUhDnxSn https://t.co/ItN6lvVnf2
The increased politicization of crypto was a major theme of 2023. @btschiller, @realDannyNelson and @nikhileshde review the #MostInfluential2023 figures who made the year in crypto – who would make your list? Spotify: https://t.co/DTvKSXvkNk Apple: https://t.co/Kj7uelCISD
🌟 Celebrating innovation and resilience in crypto. Get to know the faces behind the industry's landmark moments in CoinDesk's #MostInfluential2023. https://t.co/CkuWKIrDVH https://t.co/BEAooBP5EN
A bipartisan anti-crypto terror financing bill is on the floor of the U.S. Senate. https://t.co/EbTRKDbVLx
"Crypto is being used for terrorist financing and drug trafficking. 🇰🇵 North Korea is using it to pay for about half of its nuclear weapons program. We can't allow that to continue" says Sen. Elizabeth Warren https://t.co/oYVR9GovDS
The Week in Crypto Policy: + House Energy and Commerce Committee unanimously advanced 2 pro-blockchain bills + CANSEE Senators introduced another illicit finance bill targeting crypto + Crypto-related amendments were not included in final NDAA bill https://t.co/hQ56y5nRbW
Senators Romney, Warner, Rounds, and Reed introduce the Terrorism Financing Prevention Act, targeting crypto transactions linked to terrorist activities. https://t.co/6cPsCwT2Lo
In a recent interview, @SenWarren called for the U.S. Bank Secrecy Act to be updated to address the "threat" of crypto. https://t.co/gDrulVVl7a
The government should absolutely expand their toolkit for stopping terrorist financing. Terrorists use MONEY. Crypto is just money here. It is agnostic. Singling it out is disingenuous and a subtle way to seize more control. That’s the problem. https://t.co/0C7KNphKek
Elizabeth Warren: Update Bank Secrecy Act to Address Crypto 'Threat' ► https://t.co/6qOTJhv7v5 https://t.co/6qOTJhv7v5