U.S. Rep. Zach Nunn Representative for Iowa's 3rd District | Facebook Website
U.S. Rep. Zach Nunn Representative for Iowa's 3rd District | Facebook Website
The House Financial Services Committee has passed a bipartisan bill aimed at enhancing national security and fortifying the digital asset ecosystem. Proposed by Representative Zach Nunn, the Financial Technology Protection Act seeks to establish a working group inclusive of federal government departments, intelligence agencies, and private sector experts to combat terrorism and illicit financing in digital platforms.
Representative Nunn highlighted the importance of this initiative, stating, “Digital assets are quickly emerging as a major way in which we spend money. It is a priority to prevent bad actors from taking advantage of emerging technologies to conduct illegal activities.” Nunn further emphasized that the legislation aims to prepare the United States for security risks while protecting innovation and consumer choice.
In addition to this bill, Nunn co-sponsored three other bills that successfully passed through the committee during the April 2 markup. All four legislative proposals will now proceed to the House of Representatives for further consideration.
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