US Congressman pushes encryption bill to crack down on illegal activities

Odaily Planet Daily News: US Representatives Zach Nunn (Republican) and Jim Himes (Democratic) resubmitted the Financial Technology Protection Act on Thursday. The bill was passed by the House last year but has not made progress in the Senate. The new bill proposes the establishment of a cross departmental working group, including the Department of Justice, the Department of Treasury, the FBI, and experts in the cryptocurrency industry, aimed at combating illegal financing and terrorist activities on digital asset platforms. This bipartisan cooperation bill has received support from the Trump administration, emphasizing the need for the United States to balance security and innovation in order to maintain its global financial leadership position. （CoinDesk）