U.S. Representatives Zach Nunn (R-Iowa) and Jim Himes (D-Conn.) reintroduced a bill to help combat illicit finance and terrorist financing on digital asset platforms after the previous version passed the House of Representatives last year failed to make progress in the Senate before the end of the congressional session.
The Financial Technology Protection Act (FTPA) introduced on Thursday would set up an interagency working group, also including crypto industry insiders, to scrutinize activity related to terrorism and digital assets.
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An earlier version of the bill was cleared in a routine vote by the House in July.
“Digital assets are an increasingly integral part of the global financial system, and it’s essential that the United States takes a thoughtful approach to security
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