3.0.0 5267 2023-05-04T03:45:51Z 2023-05-04T03:45:51Z Senate S 2022-12-15 117 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2022-12-15T17:26:12Z 2022-12-15 ssga00 Homeland Security and Governmental Affairs Committee ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2022-12-15 Introduced in Senate IntroReferral 10000 9 Library of Congress W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. N M001198 Sen. Marshall, Roger [R-KS] Roger Marshall R KS 2022-12-15 True Finance and Financial Sector Finance and Financial Sector 00 2022-12-15 Introduced in Senate 2023-05-03T18:47:08Z Digital Asset Anti-Money Laundering Act of 2022

This bill directs specified federal financial agencies to establish rules regarding digital assets. The Financial Crimes Enforcement Network (FinCEN) must establish a rule classifying digital asset wallet providers, cryptocurrency miners, validators, and others as money service businesses. In addition, FinCEN must require U.S. persons to report cryptocurrency transactions through foreign accounts of over $10,000. FinCEN must also require digital asset kiosk owners and administrators to submit and update every three months the physical addresses of the kiosks.

The Department of the Treasury must prohibit financial institutions from handling, using, or transacting business with (1) digital asset mixers, privacy coins, and other anonymity-enhancing technologies; and (2) digital assets that have been anonymized by these technologies.

Treasury, the Securities and Exchange Commission, and the Commodity Futures Trading Commission must establish risk examination and review processes for anti-money laundering requirements for their respective regulated entities.

]]> Digital Asset Anti-Money Laundering Act of 2022 Display Title Digital Asset Anti-Money Laundering Act of 2022 Short Title(s) as Introduced Digital Asset Anti-Money Laundering Act of 2022 Introduced in Senate IS Official Title as Introduced A bill to require the Financial Crimes Enforcement Network to issue guidance on digital assets, and for other purposes. Introduced in Senate IS Introduced in Senate 2022-12-15T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s5267is/xml/BILLS-117s5267is.xml 2022-12-15 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.