According to CoinDesk, the U.S. Senate passed an amendment to the 2024 National Defense Authorization Act (NDAA). The amendment added a new provision to strengthen the supervision of financial institutions engaged in cryptocurrency transactions and pointed the finger at cryptocurrency mixing. Cryptoassets with “enhanced anonymity”.
The amendment is based on provisions of the Digital Asset Anti-Money Laundering Act introduced in 2022 by the Lummis-Gillibrand Chief Financial Innovation Act of 2023. The U.S. House of Representatives passed the National Defense Authorization Act earlier this month, and now the two chambers need to negotiate a version that can pass both chambers.
