The U.S. government is considering measures to address the use of cryptocurrency in terrorist financing and money laundering. Senators Romney, Warner, Rounds, and Reed have introduced the Terrorism Financing Prevention Act to target crypto transactions linked to terrorist activities. Meanwhile, the House Energy and Commerce Committee advanced two pro-blockchain bills, but crypto-related amendments were excluded from the final NDAA bill. The increased politicization of crypto and its potential risks have led to calls for updated regulations and scrutiny, with Senator Elizabeth Warren spearheading legislative efforts in this regard. However, the U.S. government has quietly removed two key anti-money laundering provisions concerning cryptocurrency from the NDAA, signaling a shift in regulatory focus.
Update in #crypto regulation: The US government has removed two key anti-money laundering provisions concerning cryptocurrency from the NDAA. https://t.co/0jDD2pc90q
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
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
Gun Owners Of America Defeats Hidden Gun Control In Military Funding Bill https://t.co/aD3LUBaKZ1
Americans Would Lose More 2A Rights Under Newly Proposed Democrat-Backed Bill https://t.co/IaDT3wIzjf
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
"The ongoing Democratic control of the Senate in the U.S. will basically set the crypto industry back to 2030," @MessariCrypto's @twobitidiot says, who made CoinDesk's #MostInfluential2023 list for his influence in D.C. on behalf of crypto. Watch more: https://t.co/U9SNbJzZIZ https://t.co/NMjSvnW6dy
Newly Proposed Bill Plots A Novel Attack On Americans' Gun Rights https://t.co/dvrZZKah7d
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
US Senator Calls for Light #Crypto Regulation That Doesn't Kill Innovation and Drive Companies Offshore https://t.co/CDt0pwaQLp
Britain sets out safeguards for accessing cash in digital age https://t.co/6RCHwuOwa3 https://t.co/eZ8sCi3gmu
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
Gun Control Stripped From Final Version of NDAA Bill https://t.co/QU204JON1h
"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
Britain's Labour Party reviews financial services to 'unleash' City for growth https://t.co/KSJ5svvP1O https://t.co/rgHVZqoj3H
UK's post-Brexit financial reforms criticized as ineffective by parliamentary committee https://t.co/eHPdfcCsrB https://t.co/vYleqLyYP0
Britain proposes simpler financial advice to cut costs for consumers https://t.co/yqNmRb1CvS https://t.co/SB2QiUehpc
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