Californian Democrat Brad Sherman has filed a significant crypto amendment with the House Rules Committee. This amendment is proposed to be included in the must-pass National Defense Authorization Act (NDAA) bill.
Sherman’s push for this amendment gives light to the fact that the increasing concern over the use of cryptocurrencies in global transactions, particularly those that could potentially undermine U.S. national security interests.
By integrating this amendment into the NDAA, Sherman aims to provide the U.S. Treasury and financial regulators with enhanced powers to control and monitor digital asset transactions, thereby addressing potential threats from foreign entities.
Discretionary Prohibition of Transactions with Russian Affiliates
Brad Sherman’s crypto amendment to the NDAA bill started off with a significant focus being placed on granting the U.S. Treasury Secretary explicit authority to prohibit digital asset trading platforms and transaction facilitators under U.S. j
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