Congress fuckery again trying to sneak in laws to force everyone that uses a "virtual coin" to be identified.
A Senate bill meant to fund U.S. intelligence operations included a section borrowed from an earlier bill aimed at preventing the use of cryptocurrency to support terrorism. That provision, as written, could require a massive shift in the crypto industry toward identifying users' identities to prevent sanctions that could strangle digital assets businesses. Were it to become law, it would mark the most important U.S. crypto policy yet adopted and all without significant debate about its merits.
They literally threw this in a bill without any notice to even the senators voting on it.
A piece of legislation with heavy implications for the digital assets sector made it through the Senate Select Committee on Intelligence's funding package recently without most in the industry and many in Congress apparently aware of it, but industry insiders consider its chances for survival to be limited.
https://www.coindesk.com/policy/2024/06/10/senate-bill-could-open-crypto-to-us-sanctions-but-industry-trying-to-head-it-off/