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Treasury is asking Congress to grant it new power to go after crypto and fintech platforms used by militant organizations like Hamas. Members of Congress are trying to delete the controversial U.S. Securities and Exchange Commission accounting bulletin that implies restrictions. A key congressional committee on Wednesday advanced a bipartisan bill that aims to develop a regulatory framework for cryptocurrencies.

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The move was greeted with an uproar from the digital assets sector. So far, however, there has been no movement on that front. And that was the finding of the Government Accountability Office last year, that the SEC should have forwarded this policy to lawmakers and gone through the other hoops required of the agency when it issues a new rule. All Rights Reserved. Please note that our privacy policy , terms of use , cookies , and do not sell my personal information has been updated.

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