S 2609 · 119th CongressIn Committeecongress.gov ↗
What this bill does
AI plain-language summaryThis bill creates a special working group to study how terrorists and criminals might use digital assets like cryptocurrency and other new technologies to move money illegally. The group would come up with ideas to better fight money laundering and terrorist financing, and it would shut down four years after the bill becomes law or after it finishes its work. The bill also requires the Department of the Treasury to write a report on how countries, other groups, and terrorists could use digital assets to get around U.S. sanctions, and to lay out a plan to stop that from happening.
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