{"id":134945,"date":"2024-08-05T18:00:09","date_gmt":"2024-08-05T15:00:09","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134945"},"modified":"2024-08-05T16:18:33","modified_gmt":"2024-08-05T13:18:33","slug":"senators-propose-bill-to-enhance-secret-services-role-in-digital-asset-crimes","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/senators-propose-bill-to-enhance-secret-services-role-in-digital-asset-crimes\/","title":{"rendered":"Senators Propose Bill to Enhance Secret Service\u2019s Role in Digital Asset Crimes"},"content":{"rendered":"<p>The proposed Combating Money Laundering in Cybercrime Act of 2024 <strong><a href=\"https:\/\/www.cortezmasto.senate.gov\/wp-content\/uploads\/2024\/08\/Secret-Service.pdf\" target=\"_blank\" rel=\"nofollow\">aims<\/a><\/strong> to empower the Secret Service to investigate and prosecute illegal activities related to cryptocurrencies.<\/p>\n<p>Introduced by Senators Amy Klobuchar, Chuck Grassley, and Catherine Cortez Masto, the bill seeks to give the Secret Service broader authority over financial fraud, illicit money transfers, and other crimes involving digital currencies. This move comes in response to rising concerns about the misuse of cryptocurrencies for illegal funding.<\/p>\n<p>The proposed law mandates the creation of a Government Accountability Report within a year to evaluate the effectiveness of current anti-money laundering efforts. This report would help assess how well law enforcement is handling digital asset crimes.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/crypto-market-%d1%81lump-has-left-traders-with-millions-of-dollars-in-losses\/\" title=\"Crypto Market Slump Has Left Traders With Millions of Dollars in Losses\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/12\/red-markets-e1690732869472-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Crypto Market Slump Has Left Traders With Millions of Dollars in Losses<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The initiative reflects ongoing efforts to adapt regulations to the growing influence of digital currencies. Senator Masto\u2019s previous attempt to address cryptocurrency regulations aimed at closing legal loopholes, and this new bill builds on that foundation.<\/p>\n<p>While illegal cryptocurrency transactions totaled over $22 billion in 2023, down from previous years, cash remains the predominant tool for money laundering. Despite this, U.S. agencies continue to strengthen their fight against crypto-related crimes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. senators are pushing for new legislation to expand the Secret Service\u2019s role in tackling crimes involving digital assets.<\/p>\n","protected":false},"author":3,"featured_media":25812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[25],"tags":[],"class_list":["post-134945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulations"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Senators Propose Bill to Enhance Secret Service\u2019s Role in Digital Asset Crimes<\/title>\n<meta name=\"description\" content=\"U.S. senators are pushing for new 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