According to sources, part of a Senate bill aimed at funding US intelligence operations borrows from a previous bill aimed at preventing the use of cryptocurrencies to support terrorism. The provision could require a massive transformation of the crypto industry to identify users in order to prevent sanctions that could stifle digital asset businesses. If the bill becomes law, it would be the most significant crypto policy passed in the US to date - and its pros and cons have yet to generate significant controversy.
The conversations suggest that the matter is still under discussion as the spending package moves forward pending broader Senate consideration for possible inclusion in the National Defense Authorization Act (NDAA), which industry insiders see as having a limited chance of surviving.
The Senate bill calls for a transformation of the crypto industry to identify users, and industry insiders believe the bill has little chance of passing
2024-06-10 16:23:02
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