Recently, the House of Representatives has passed legislation that seeks to establish a working group focused on investigating the illegal use of digital assets. The bill, introduced by Representatives Zach Nunn and Jim Himes in April 2023, aims to address how “rogue states and foreign entities” use cryptocurrencies to evade sanctions through collaboration among multiple federal agencies. Representative Nunn highlights the bipartisan nature of this bill as instrumental in ensuring that the US is equipped to effectively manage security risks and prevent illegal money laundering activities, while also safeguarding American consumers' freedom of choice to maintain the long-term stability and integrity of digital assets.