**US House Approves Bill to Tackle Illicit Crypto Use**

Lawmakers in the US House of Representatives have passed the Financial Technology Protection Act, aiming to curb the illicit use of digital assets. The bill, introduced by Representatives Zach Nunn and Jim Himes, seeks to prevent "rogue and foreign nations" from using crypto to dodge sanctions.

Key Points:

- The bill establishes a working group with five crypto industry leaders and representatives from federal agencies like the Justice Department and IRS.

- The bipartisan effort aims to balance security and consumer choice.

- The bill now moves to the Senate for approval.

Stay tuned for more updates on this developing story.