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S 2609 · in committee · significant

Financial Technology Protection Act of 2025

What this bill does

  • The bill creates a working group to study how terrorists and criminals use digital assets and develop ways to stop illicit financing.
  • The Treasury Department and financial institutions are affected as they work to prevent money laundering and terrorist financing.
  • The working group operates for four years or until it completes its work, whichever comes later.

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Community Threads

Started by Cosponsor

  1. 01

    How might the bill's four-year working group timeline affect the speed at which new anti-terrorism financing rules could be implemented?

  2. 02

    What specific digital asset vulnerabilities does the bill ask the working group to study, and how would Treasury use those findings?

  3. 03

    Which financial institutions would bear the compliance costs if the working group's recommendations become regulatory requirements?

Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.

Sponsor · R-NC

Ted Budd

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In Congress

2/ 100

Senators cosponsoring

Introduced 2025-07-31

Joining the bill

Legislative timeline

  1. 2025-07-31 · senate · IntroReferral

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

  2. 2025-07-31 · IntroReferral

    Introduced in Senate

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