US Senators Float Bill Requiring Congressional Watchdog to Study Crypto’s Role i

[Tnoy30]

The top Republican and Democrat on the Senate Banking Committee plan to introduce legislation this week that would direct the Government Accountability Office (GAO) to study virtual currency’s role in illicit online activity.

The language appears in a draft anti-money laundering amendment to the gargantuan National Defense Authorization Act, a must-pass bill that greenlights annual military spending.
“Although the use and trading of virtual currencies are legal practices, some terrorists and criminals, including international criminal organizations, seek to exploit vulnerabilities” through them, the amendment read.
Read on: https://www.coindesk.com/us-senators-float-bill-requiring-congressional-watchdog-study-cryptos-role-in-trafficking