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Title    U.S. Senate Holds Meeting on Money Laundering Bill
Date    Tuesday December 05 2017, @05:57PM
Author    martyb
from the all-your-coin-are-belong-to-us dept.

An Anonymous Coward writes:

In May, the bill S.1241 (archive) was introduced in the U.S. Senate by Chuck Grassley, a Republican Senator from Iowa. The bill, if enacted, would call upon the Department of Homeland Security to develop

a strategy to interdict and detect prepaid access devices, digital currencies, or other similar instruments, at border crossings and other ports of entry for the United States

According to a story at (square brackets in original),

the bill would "criminalize [those] intentionally concealing ownership or control of a [digital currency or digital exchange] account.

The Senate held a meeting about the bill on November 28. Witnesses included Charles Davidson of the Kleptocracy Initiative of the Hudson Institute conservative think tank; Douglas Farah of IBI Consultants, which specializes in "issues of national security, transnational crime, terrorism, terror finance and non-state armed actors"; and Kathryn Haun Rodriguez of Coinbase, a cryptocurrency exchange. Ms. Haun, however, made no mention of cryptocurrency in her testimony (PDF).

Original Submission


  1. "S.1241" -
  2. "archive" -
  3. "was introduced" -
  4. "Chuck Grassley" -
  5. "a story at" -
  6. "a meeting" -
  7. "Kleptocracy Initiative of the Hudson Institute" -
  8. "IBI Consultants" -
  9. "Coinbase" -
  10. "her testimony" -
  11. "Original Submission" -

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printed from SoylentNews, U.S. Senate Holds Meeting on Money Laundering Bill on 2018-10-19 13:14:58