In a jolly good show of bipartisan camaraderie, the U.S. House of Representatives has dusted off a bill to tackle those pesky illegal blockchain capers.
Republican gent Zach Nunn of Iowa and Democrat chum Jim Himes of Connecticut have joined forces to reintroduce the Financial Technology Protection Act, a charming piece of legislation aimed at giving the old heave-ho to digital rascals engaging in money laundering and suchlike.
This delightful bill proposes a rather exclusive tea party with highfalutin members of the DOJ, FBI, and IRS, plus a quintet of crypto brainboxes and fintech whizzes, all to dish out their sage advice on how to keep the blockchain on the straight and narrow.
As the dashing Mr. Nunn puts it,
“Digital assets are all the rage, darling. We simply must shield our dear Americans from any unpleasantness while they flit about in the digital marketplace.”
This bill is the bee’s knees and will keep our digital assets safe and sound, without cramping our style or spoiling the fun.”
Over on social media platform X, Rashan Colbert, the policy head honcho at decentralized crypto exchange dYdX, is singing the bill’s praises.
“This collaborative frolic ensures our policymakers have all the juicy insights they need to swat down dodgy dealings in the digital economy, without squashing the life out of our financial innovations…”
The House has given this Bill the old thumbs-up before, and with its snazzy new updates, we’re hoping they’ll do it again. It’s all about keeping our financial honor intact while still leading the innovation pack!”
The legislation first sashayed through the House in July 2024, and here’s hoping it makes a encore performance!
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2025-03-28 21:42