U.S. Rep. Zach Nunn Representative for Iowa's 3rd District | Official U.S. House headshot
U.S. Rep. Zach Nunn Representative for Iowa's 3rd District | Official U.S. House headshot
The U.S. House of Representatives has unanimously passed Representative Zach Nunn’s (IA-03) bipartisan legislation aimed at strengthening national security and protecting digital assets. The Financial Technology Protection Act proposes the establishment of a working group comprising key federal government departments, intelligence agencies, and private sector experts to combat terrorism and illicit financing on digital platforms.
"Digital assets are quickly emerging as a major way in which we spend money. I want to ensure every American has access to this technology and is protected," said Rep. Nunn. "This bipartisan bill will help ensure the United States is prepared to address security risks and prevent illicit money laundering while also protecting consumer choice for all Americans. We must do both simultaneously to ensure the long-term integrity of digital assets."
The bill was introduced by Rep. Nunn and Representative Jim Himes (CT-04) on April 27, 2023. A companion bill was introduced in the U.S. Senate by Senators Kirsten Gillibrand (NY) and Ted Budd (NC).
Text of the bill can be found here.
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