US Congressman proposes again to establish a cross government enforcement group to combat illegal financing on digital asset platforms

According to Coindesk, US Representatives Zach Nunn (Republican from Iowa) and Jim Himes (Democratic from Connecticut) have once again proposed a bill to help combat illegal finance and terrorism financing on digital asset platforms. The bill was passed by the House last year but failed to make progress in the Senate before the end of the congressional session. The Financial Technology Protection Act (FTPA) proposes the establishment of a cross government enforcement agency group to help combat illegal cryptocurrency financing, which will include leaders and analysts in the cryptocurrency industry.