U.S. House Passes Crypto Illicit Finance Bill That's Likely to be Rebuffed in Senate

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U.S. House Passes Crypto Illicit Finance Bill That's Likely to be Rebuffed in Senate
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Jesse Hamilton is CoinDesk's deputy managing editor for global policy and regulation. He doesn't hold any crypto.

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A narrow bill to create a U.S. working group to dig into crypto use in terrorism and money laundering passed the U.S. House of Representatives in a routine vote.

While Congress considered this latest crypto bill, industry representatives were reaching out to Vice President Kamala Harris on Monday and encouraging her to embrace cryptocurrency as a presidential candidate.

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