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

The legislation would set up a federal group to assess crypto in terrorism and illicit finance and make recommendations for heading it off, but the bill isn't expected to clear the Senate.

The U.S. House of Representatives passed a narrow bill to address crypto use in illicit finance. (Jesse Hamilton/CoinDesk)
The U.S. House of Representatives passed a narrow bill to address crypto use in illicit finance. (Jesse Hamilton/CoinDesk)