summary
Introduced
07/27/2023
07/27/2023
In Committee
07/27/2023
07/27/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A bill to require the Financial Crimes Enforcement Network to issue guidance on digital assets, and for other purposes.
AI Summary
This bill, the Digital Asset Anti-Money Laundering Act of 2023, requires the Financial Crimes Enforcement Network (FinCEN) to issue guidance on digital assets, define certain digital asset-related terms like "anonymity enhanced cryptocurrency" and "digital asset mixer," and impose additional anti-money laundering requirements on financial institutions and money services businesses dealing with digital assets. The bill also directs the Treasury Department, Securities and Exchange Commission, and Commodity Futures Trading Commission to establish examination and review processes for digital asset participants, and requires FinCEN to regulate digital asset kiosks, including by mandating identity verification and transaction reporting. Additionally, the bill authorizes appropriations for the Treasury Department to carry out the provisions of the Act.
Committee Categories
Housing and Urban Affairs
Sponsors (20)
Elizabeth Warren (D)*,
Michael Bennet (D),
Richard Blumenthal (D),
Laphonza Butler (D),
Bob Casey (D),
Catherine Cortez Masto (D),
Dick Durbin (D),
John Fetterman (D),
Lindsey Graham (R),
John Hickenlooper (D),
Angus King (I),
Ben Ray Luján (D),
Joe Manchin (I),
Roger Marshall (R),
Gary Peters (D),
Jeanne Shaheen (D),
Tina Smith (D),
Chris Van Hollen (D),
Raphael Warnock (D),
Sheldon Whitehouse (D),
Last Action
Senate Banking, Housing, and Urban Affairs Hearing (10:00:00 2/1/2024 SD-538) (on 02/01/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/senate-bill/2669/all-info |
| BillText | https://www.congress.gov/118/bills/s2669/BILLS-118s2669is.pdf |
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