United States of America: Cryptocurrency exchange regulation in Sanction and Stop Ransomware Act
Progress
Current status
rejected
03 Jan 2023 rejected
05 Aug 2021 under deliberation
Scope
Implementers
United States of America
Policy Area
Data governance
Policy Instrument
Cybersecurity regulation
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
legislature
Government Body
parliament
Implementation Level
national
Timeline of events
Rejected Sanction and Stop Ransomware Act of 2021 (S.2666) including regulation of cryptocurrency exchanges
On 3 January 2023, the Sanction and Stop Ransomware Act of 2021 was rejected after failing to pass before the 117th Congress adjourned.
SourceEvent type
law
Action type
rejection
Government branch
legislature
Government body
parliament
Introduction of Stop and Sanction Ransomware Act of 2021 including regulation of cryptocurrency exchanges
The Stop and Sanction Ransomware Act of 2021 has been introduced in the US Senate on 5 August 2021. The draft bill stipulates for the Secretary of the Treasury to institute regulations for cryptocurrency exchanges operating in the US to reduce user …
SourceEvent type
law
Action type
introduction
Government branch
legislature
Government body
parliament