winepressnews.com
“The President, pursuant to such regulations as the President may prescribe, shall prohibit any transactions between any person subject to the jurisdiction of the United States and a foreign digital asset transaction facilitator,” the bill says.
Earlier this week, a congressman appeared to insert an amendment buried in a must-pass spending bill that would grant the U.S. President sweeping powers to block access to digital assets.
S.4443 – Intelligence Authorization Act for Fiscal Year 2025, first introduced on the federal ledger on June 3rd – which would “authorize appropriations for fiscal year 2025 for intelligence and intelligence-related activities of the United States Government, the Intelligence Community Management Account, and the Central Intelligence Agency Retirement and Disability System, and for other purposes,” the bill’s summary says – recently had this wide-reaching amendment added to it that is buried within the lengthy legislation.
Hidden under “SEC. 423. TERRORIST FINANCING PREVENTION,” the amendment ‘broadly defines “digital assets,” encompassing any digital representation of value recorded on cryptographically secured distributed ledgers,’ Coin Telegraph noted.
The bill states:
The President, pursuant to such regulations as the President may prescribe, shall prohibit any transactions between any person subject to the jurisdiction of the United States and a foreign digital asset transaction facilitator identified under paragraph (1)…
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