THELOGICALINDIAN - The US House of Representatives has absolutely anesthetized a bill to advice anticipate the adulterous use of cryptocurrencies including bitcoin birr zcash and monero This bill follows a affidavit by the Secret Service allurement Congress for advice endlessly these activities
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
H.R. 6069 Bill Passed
The U.S. House of Representatives has anesthetized Bill H.R. 6069, accepted as the “Fight Illicit Networks and Detect Trafficking Act.”
The bill was advised by the House on Monday, June 25, and “passed unanimously,” according to California Rep. Juan Vargas, the adumbrative who accordingly alien the bill with Rep. Keith Rothfus, announced.
The Republican Policy Committee website describes:
After access of the bill, Rep. Rothfus appear a account saying, “Illicit markets area biologic and animal trafficking booty abode are consistently evolving, abnormally on the aphotic web…Cryptocurrencies can affectation traffickers’ transactions, affording them a akin of anonymity back administering actionable activities.” He added that “This bipartisan legislation will advice the government betrayal new bent methods to move adulterous funds, and accommodate means to stop them.”
Bill Aimed at Fighting Illicit Use of Crypto
While acknowledging that “Virtual currencies, such as bitcoin, dash, zcash, and monero, can be acclimated for acknowledged purchases,” the Committee website noted, “It has additionally been reported that basic currencies are actuality acclimated to run actionable online marketplaces to advertise drugs, including the opioid fentanyl, and accidental to the opioid crisis in America.”
The Republican Policy Committee added claims, “according to contempo reports, transnational bent organizations are more application basic currencies for adulterous activities, including biologic trafficking,” citation the US Biologic Enforcement Administration’s 2024 National Biologic Assessment.
According to Rep. Vargas:
After the access of the bill, Vargas commented that “this bill is an important aboriginal footfall in allowance Congress accept the abounding admeasurement of how basic currencies are actuality acclimated to facilitate biologic and sex trafficking and will advice us adduce able aldermanic solutions to action these crimes. I achievement to see the aforementioned akin of abutment for this legislation in the Senate.”
Deputy Assistant Director of the U.S. Secret Service’s Office of Investigations, Robert Novy, aggregate a agnate affect in his affidavit afore the House of Representatives Financial Services Subcommittee on Terrorism and Adulterous Finance aftermost week. He alleged on Congress to “help in preventing cryptocurrencies like monero and zcash, which accommodate users with added aloofness and anonymity features, from actuality acclimated for adulterous purposes,” as news.Bitcoin.com ahead reported.
On Tuesday, the Department of Amends additionally announced the arrests of added than 35 bodies affairs adulterous appurtenances in a civic clandestine operation targeting darknet vendors. According to the notice, “Nearly 2,000 bitcoins and added cryptocurrencies, with an almost amount of added than $20 million” were seized.
What do you anticipate of the US government’s efforts to able bottomward on crypto use? Let us apperceive in the comments area below.
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