Not adopted
This amendment was never taken up, and the bill finished without it. It was never voted on.
Its path through Congress
- Introduced
- Pending Consideration
- Failed
What this amendment would do
This amendment would add a requirement for the creation of an interagency task force on illicit cryptocurrency activities to the bill. The Secretary of the Treasury and the Attorney General would jointly establish and co-chair this task force.
The task force would include representatives from several organizations, such as the Department of the Treasury, the Department of Justice, and the Federal Bureau of Investigation.
The duties of the task force include coordinating investigations and prosecutions of individuals and entities involved in activities like money laundering, terrorism financing, and fraud. It would also coordinate with international partners for enforcement actions and provide training to law enforcement and financial regulatory personnel.
Additionally, the task force is tasked with ensuring that assets seized or forfeited through successful prosecutions are returned to the identifiable victims of the related crimes, as much as is practicable and consistent with Federal law.
The Secretary of the Treasury and the Attorney General would submit an annual report to Congress regarding prosecutions, enforcement outcomes, recovered financial assets, and trends in illicit digital asset activities.
- 6/11/2025
- Senate amendment submitted
This bill has no cosponsors