📢 Amendments to the 2024 National Defense Authorization Act (NDAA) announced by the U.S. Congress did not include provisions related to cryptocurrency and blockchain, as reported by The Block. This omission means that bills sponsored by Senator Cynthia Loomis and others, which aimed to establish regulatory standards for financial institutions' cryptocurrency activities and require the Treasury Department to present recommendations regarding cryptocurrency mixers to Congress, were not included. Additionally, a proposal to form an independent working group to combat terrorism and illegal financing using cryptocurrency was also left out. Cody Carbone, VP of policy at the Digital Chamber of Commerce, expressed disappointment, considering it a missed opportunity. 🇺🇸💼
#NDAA #CryptocurrencyLegislation