Sponsors (3)
The bill centralizes federal efforts to detect and disrupt illicit digital‑asset finance and provides clearer definitions and public reporting to help regulators and firms, but it increases surveillance and compliance burdens, risks exposing sensitive methods, and could concentrate industry influence while reducing congressional control.
State governments, taxpayers, and financial institutions will get coordinated, research-driven proposals and a federal strategy to detect and disrupt terrorist and illicit financing using digital assets, strengthening national security posture.
Financial institutions, fintech firms, and tech workers will receive clearer regulatory recommendations and guidance on digital-asset risks and mitigation, reducing uncertainty and helping firms improve compliance.
Congress, researchers, and the public will benefit from regular, timely, unclassified, machine-readable reporting of findings and proposals, increasing transparency, oversight, and public access to data.
Taxpayers, users, and the general public could face expanded surveillance and monitoring of digital-asset flows, raising privacy and civil‑liberties concerns.
Financial institutions, small businesses, and taxpayers may incur significant administrative, compliance, and operational costs from creating/operating the working group, preparing reports, and implementing the resulting strategies and controls.
Public release of detailed analyses and strategy documents risks revealing investigative methods or system vulnerabilities if sensitive material is not fully redacted, potentially aiding bad actors.
Based on analysis of 4 sections of legislative text.
Creates a Treasury-based interagency working group and requires unclassified and classified reports to study and counter illicit uses of digital assets and recommend AML/counter‑terrorism measures.
Introduced July 31, 2025 by Theodore Paul Budd · Last progress July 31, 2025
Creates an independent Treasury-based Financial Technology Working Group to study and propose responses to terrorist and illicit uses of digital assets and related emerging technologies. The Group must produce an initial report within one year, annual reports for three years, and a final report before a statutory sunset; it also informs a presidential report and unclassified public strategy to address how digital assets can enable sanctions evasion, terrorism financing, money laundering, and other national security threats.