S 2669
Digital Asset Anti-Money Laundering Act of 2023
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The Digital Asset Anti-Money Laundering Act of 2023 aims to bring existing anti-money laundering regulations to the digital asset industry. It designates digital asset providers, validators, and unhosted wallet providers as financial institutions under the Bank Secrecy Act, requiring them to maintain records, report suspicious activity, and comply with reporting rules. The legislation also directs federal agencies like FinCEN, the Treasury Department, the SEC, and the CFTC to establish regulations and risk examination processes to combat money laundering and terrorist financing related to digital assets.
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Cosponsors
Angus S., Jr. King
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