Financial Technology Protection Act of 2025

Summary

Creates an independent working group to study how terrorists and other illicit actors use digital assets and to recommend legislative and regulatory fixes. It sets membership, duties, a reporting schedule to Treasury and Congress, and a sunset after up to four years. Directs the President, through the Treasury Secretary and in consultation with the working group, to deliver a public, unclassified report within 180 days on how digital assets could be used to evade sanctions, finance terrorism, or launder money, and to outline a U.S. strategy to prevent those uses. The report must be posted online (with a possible classified annex), and Treasury must brief Congress on progress within two years.

• Creates an Independent Financial Technology Working Group to research illicit uses of digital assets and recommend fixes.
• Requires an unclassified, public Treasury report within 180 days on digital assets’ roles in sanctions evasion, terrorist financing, and money laundering.
• Mandates a U.S. strategy in that report to prevent illicit uses, with a possible classified annex.
• Treasury must brief Congress on strategy implementation within two years.
• Working group terminates after wind-up or four years from enactment.
• Defines key terms (e.g., digital asset, blockchain intelligence company, illicit use) for consistent application.
• Focuses on research, reporting, and recommendations—no new penalties or enforcement powers are created.
• Targets national security risks from misuse of crypto and related technologies while promoting transparency.