US Senators Propose Bill to Expand Secret Service’s Powers Against Crypto Crimes According to Adili, two US senators have introduced a bill that aims to expand the Secret Service’s authority to combat crypto-related crimes. Katherine Corti Z. Masto of Nevada and Charles Grassley of Iowa recently proposed the “Cybercrime and Money Laundering Prevention Act of 2024,” which seeks to enhance the Secret Service’s ability to investigate unlicensed money transfer companies involved in cryptocurrency transactions and potential fraud within US financial institutions. Corti Z. Masto stressed the importance of the bill, saying, “The financing of criminal activities through digital assets poses a direct threat to our national security.” Grassley highlighted the need to improve threat assessments to catch “dirty financial institutions” that facilitate money laundering schemes.