New Senate Bill Empowers US Secret Service to Combat Digital Asset Cybercrimes
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U.S. senators have introduced legislation to empower the Secret Service to combat cybercrimes involving digital assets. The bill aims to address the increasing use of cryptocurrencies for illegal activities, such as money laundering. Additionally, it mandates the Government Accountability Office to evaluate the effectiveness of law enforcement agencies in handling money laundering associated with cybercrimes.
The legislation highlights the growing concern over the misuse of cryptocurrencies for illicit purposes. By giving the Secret Service more authority, the bill seeks to bolster the fight against cybercriminals exploiting digital assets.
This measure also emphasizes the need for a thorough assessment of current law enforcement practices in tackling money laundering through digital assets, ensuring that they are equipped to handle this evolving challenge.
Source: news.bitcoin.com ↗
