HR 2384
Passed a chamber
Establishes a Treasury-led working group to research how digital assets and emerging technologies are used for terrorism and illicit finance, and requires a Treasury strategy report on preventing that use.
Official title: Financial Technology Protection Act of 2025
Timeline each lane is a chamber; dates pull from congress.gov actions
House
Introduced
26-MAR-2025
Referred
26-MAR-2025
Approved by committee
02-APR-2025
Reported
06-MAY-2025
On the calendar
06-MAY-2025
Passed
21-JUL-2025
Senate
Received
22-JUL-2025
- Creates a working group chaired by the Treasury's Under Secretary for Terrorism and Financial Crimes, with senior representatives from Treasury, the IRS, Justice, the FBI, the DEA, Homeland Security, the Secret Service, State, and the Director of National Intelligence, plus appointed members from fintech, blockchain intelligence, financial institutions, research, and privacy groups.
- Requires the group to submit annual reports for three years after enactment and a final report before it terminates, four years after enactment unless wind-up work continues.
- Requires the Treasury, within 180 days, to report on illicit uses of digital assets and a strategy to prevent them, with the unclassified portion posted publicly, and requires a Treasury briefing to Congress within two years.
Covers an older version. The newest CRS summary describes the bill as of "Introduced in House" (26-MAR-2025); the text has changed since (Engrossed in House, 21-JUL-2025).
CRS is the Library of Congress's nonpartisan research office. Read it on congress.govFinance and Financial Sector
■ 2 R■ 2 D
2 Republicans
2 Democrats