• Latest
US Lawmakers Shoot Down Proposal for Crypto Task Force

US Lawmakers Move Forward on Crypto Task Force Proposal

September 27, 2018
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Business

US Lawmakers Move Forward on Crypto Task Force Proposal

coinnewsdaily by coinnewsdaily
September 27, 2018
in Business
0
US Lawmakers Shoot Down Proposal for Crypto Task Force
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022

An effort by the U.S. Congress to launch a task force investigating cryptocurrencies is gaining traction.

House Resolution 5036, a bill hoping to establish the “Independent Financial Technology Task Force to Combat Terrorism and Illicit Financing,” was referred to the House of Representatives Wednesday for consideration. The bill, a seeming upgrade from one introduced by Representative Ted Budd earlier this year, would launch a working group to examine cryptocurrencies and other new forms of financial technologies, in particular looking for any potential use in crimes.

Public records indicate that the bill was passed by the House with a “motion to reconsider laid on the table” being “agreed to without objection.” A spokesperson for Budd’s office told CoinDesk this means the bill will now proceed to the Senate.

Like an earlier form of the bill, H.R. 5036 would have brought together federal law enforcement leaders and provide them a year to study cryptocurrencies and how they may be used in funding terrorist activities.

The task force would then have been required to brief Congress, including by proposing actions to curb such activity in the future.

The bill also provided rewards for individuals or entities who provide information leading to convictions for malicious actors using cryptocurrencies to fund terrorist activities.

However, unlike previous versions of the bill, 5036 specifically added provisions for preventing “rogue and foreign actors from evading sanctions,” explaining that:

“The President [of the U.S.], acting through [the task force], shall submit to the appropriate congressional committees a report that identifies and describes the potential uses of digital currencies and other related emerging technologies by states, non-state actors, and foreign terrorist organizations to evade sanctions, finance terrorism, or launder monetary instruments, and threaten United States national security.”

Editor’s note: This article has been corrected to indicate the bill will proceed to the Senate. 

U.S. Capitol Building image via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.



Credit: Source link

Tags: BusinessCongressCryptoCrypto Businessfinance terrorismmedia outletspokespersonTed Budd
Share76Tweet48
Previous Post

Crypto Money Market Compound Lets You HODL and Earn

Next Post

SEC, CFTC Charge Bitcoin Futures Firm 1Broker With Securities Law Violations

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin
Alt Coin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
what are wrapped tokens?
Bitcoin

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?
Alt Coin

What is the future of Ethereum (ETH)?

April 22, 2022
Load More
Next Post
SEC Moves to Make Decision on VanEck-SolidX Bitcoin ETF Proposal

SEC, CFTC Charge Bitcoin Futures Firm 1Broker With Securities Law Violations

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,130.000.59%
  • ethereumEthereum(ETH)$1,658.680.85%
  • tetherTether(USDT)$1.000.05%
  • binancecoinBNB(BNB)$331.220.68%
  • rippleXRP(XRP)$0.401173-0.33%
  • cardanoCardano(ADA)$0.3933070.39%
  • dogecoinDogecoin(DOGE)$0.091779-0.19%
  • matic-networkPolygon(MATIC)$1.252.02%
  • okbOKB(OKB)$44.15-0.32%
  • solanaSolana(SOL)$23.340.20%
  • shiba-inuShiba Inu(SHIB)$0.000014-0.60%
  • polkadotPolkadot(DOT)$6.792.37%
  • litecoinLitecoin(LTC)$100.292.60%
  • tronTRON(TRX)$0.0655882.64%
  • daiDai(DAI)$1.000.11%
  • cosmosCosmos Hub(ATOM)$14.630.92%
  • chainlinkChainlink(LINK)$7.101.61%
  • ethereum-classicEthereum Classic(ETC)$22.730.36%
  • leo-tokenLEO Token(LEO)$3.36-0.49%
  • moneroMonero(XMR)$166.83-0.44%
  • bitcoin-cashBitcoin Cash(BCH)$134.910.64%
  • stellarStellar(XLM)$0.091092-0.12%
  • filecoinFilecoin(FIL)$5.484.38%
  • crypto-com-chainCronos(CRO)$0.0815730.48%
  • algorandAlgorand(ALGO)$0.2832008.30%
  • vechainVeChain(VET)$0.0250512.30%
  • internet-computerInternet Computer(ICP)$5.732.44%
  • aaveAave(AAVE)$87.071.02%
  • eosEOS(EOS)$1.112.73%
  • theta-tokenTheta Network(THETA)$1.187.10%
  • elrond-erd-2MultiversX(EGLD)$46.182.78%
  • tezosTezos(XTZ)$1.201.68%
  • paxos-standardPax Dollar(USDP)$1.000.42%
  • havvenSynthetix Network(SNX)$2.895.44%
  • huobi-tokenHuobi(HT)$5.56-0.13%
  • bitcoin-cash-svBitcoin SV(BSV)$43.090.67%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.551.05%
  • dashDash(DASH)$65.414.21%
  • makerMaker(MKR)$766.1810.76%
  • iotaIOTA(MIOTA)$0.2464700.12%
  • neoNEO(NEO)$8.981.97%
  • zcashZcash(ZEC)$46.504.74%
  • zilliqaZilliqa(ZIL)$0.0303903.32%
  • basic-attention-tokenBasic Attention(BAT)$0.2899782.55%
  • compound-governance-tokenCompound(COMP)$56.997.49%
  • nemNEM(XEM)$0.0426185.33%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • kusamaKusama(KSM)$36.350.82%
  • qtumQtum(QTUM)$2.912.81%
  • bitcoin-goldBitcoin Gold(BTG)$17.290.24%
  • sushiSushi(SUSHI)$1.48-0.94%
  • wavesWaves(WAVES)$2.792.33%
  • yearn-financeyearn.finance(YFI)$7,761.390.96%
  • golemGolem(GLM)$0.254032-1.33%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • omisegoOMG Network(OMG)$1.67-1.56%
  • ontologyOntology(ONT)$0.233436-0.13%
  • digibyteDigiByte(DGB)$0.0114077.53%
  • umaUMA(UMA)$2.152.67%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%