OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

MANCHIN INTRODUCES LEGISLATION TO CRACK DOWN ON CRYPTO USE IN MONEY LAUNDERING, DRUG TRAFFICKING, AND TERRORIST FINANCING

Press Release

Date: July 31, 2023
Location: Washington, D.C.
Issues: Technology and Communication Finance and Banking Criminal Justice

"Without tougher controls, decentralized digital assets can pose a significant risk to our national security by facilitating the financing of illicit activities, such as drug trafficking or money laundering from terrorists and rogue state actors. Our bipartisan legislation would curtail these security risks and require cryptocurrency platforms to abide by the same anti-money-laundering rules that banks have to follow. I urge my colleagues on both sides of the aisle to support this commonsense legislation to protect Americans by preventing bad actors from using cryptocurrencies to finance their criminal activities."


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