The US has supported a bill banning the use of cryptoassets for illegal purposes.

The US House of Representatives has passed the Fintech Security Act of April 2023. This legislation aims to develop measures to prevent the use of digital assets for illicit purposes, particularly in financing terrorism.

TD Cowen analyst Jaret Seiberg criticized the bill as a "political stunt," suggesting that its authors are attempting to appeal to both opponents and supporters of the cryptocurrency industry. $BTC