Financial Technology Protection Act of 2025

This bill creates an Independent Financial Technology Working Group to study how terrorists and criminals misuse digital assets and other new tech, and to propose fixes to keep money flowing safely. The group must report what it learns each year and then shut down after four years, unless it needs a short time to wrap up. Digital assets here means digital value recorded on a cryptographically secured ledger or similar technology.

The group is led by the Treasury Department and includes senior officials from agencies like the IRS, DOJ, FBI, DHS, Secret Service, State, and the intelligence community. It also includes outside experts from financial technology companies, blockchain intelligence firms, banks, research groups, and privacy and civil liberties organizations.

Key points

• Who is affected: financial technology and blockchain intelligence companies, banks, law enforcement, researchers, and privacy groups; people who use digital assets could be affected by future rules based on the group’s proposals.
• What changes: the group researches illicit use of digital assets and suggests legislative and regulatory steps to strengthen anti-money laundering and counter-terrorist financing efforts; Treasury must also report on how digital assets may be used to evade sanctions and outline a U.S. strategy to stop it, with the unclassified portion posted publicly online.
• When: Treasury’s sanctions-evasion report and strategy are due within 180 days of enactment, followed by a briefing to Congress within two years; the working group files annual reports for three years and then sunsets after four years (with time to wind down if needed).