Senate Bill Expands Secret Service's Crypto Crime Enforcement authority

IconCryptoNewsTerminal Staff04 Aug, 2024

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Senate Bill Expands Secret Service's Crypto Crime Enforcement authority

The US Senate has introduced a bill that would expand the Secret Service's (USSS) authority to investigate and combat cryptocurrency-related crimes. The bill, introduced by Nevada Senator Catherine Cortez Masto and Iowa Senator Charles Grassley, would grant the USSS the power to investigate potential crimes involving cryptocurrency transactions and financial institutions, including those perpetrated by unlicensed money transmitters. This move is seen as a significant step in addressing the growing threat posed by cryptocurrency-related financial crimes.