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A U.S. Treasury official will outline the agency's concerns about crypto in illicit finance to House lawmakers and ask for more authority to go after bad actors, according Deputy Secretary Adewale O. Adeyemo’s testimony focused on the Treasury Department’s efforts to combat illicit finance, emphasizing the growing challenge of A United States Treasury official has expressed concerns regarding crypto in illicit finance in a statement to the House Financial Services Committee, asking for more What Happened: Brian Nelson, the Treasury’s Under Secretary for Terrorism and Financial Intelligence, will present the agency’s concerns about the illegal use of In his prepared testimony for the House Financial Services Committee, Brian Nelson, Treasury’s Under Secretary for Terrorism and Financial Intelligence, planned to detail 18 de nov. de 2025Today, U.S. Congressman Sean Casten led six of his colleagues on the House Financial Services Committee in urging the Biden Administration to address the illicit H.R. ___, To require the Secretary of the Treasury to report on privacy-preserving technologies; H.R. ___, To establish an information-sharing pilot program to According to the Department of Treasury (Treasury)’s 2025 National Money Laundering Risk Assessment, “the use of virtual assets for money laundering remains far

US Treasury to Discuss Illicit Use of Crypto in Upcoming Congressional Hearing

The U.S. Treasury is set to address the growing concerns surrounding the illicit use of cryptocurrency in an upcoming congressional hearing. A U.S. Treasury official will outline the agency\'s concerns about crypto in illicit finance to House lawmakers, specifically focusing on the increasing risks and challenges it poses to national security and financial stability.

Deputy Secretary Adewale O. Adeyemo\'s testimony, as well as the planned testimony of Brian Nelson, the Treasury’s Under Secretary for Terrorism and Financial Intelligence, for the House Financial Services Committee, will delve into the Treasury Department’s efforts to combat illicit finance, emphasizing the growing challenge of virtual assets. According to the Department of Treasury (Treasury)’s 2025 National Money Laundering Risk Assessment, “the use of virtual assets for money laundering remains far" too prevalent.

A United States Treasury official has expressed concerns regarding crypto in illicit finance in a statement to the House Financial Services Committee, asking for more authority to go after bad actors. The Treasury is expected to request increased authority and resources to effectively monitor and regulate the crypto space, aiming to curb its use in money laundering, terrorist financing, and other illegal activities. Brian Nelson will present the agency’s concerns about the illegal use of cryptocurrency, highlighting specific examples and case studies.

The hearing comes as U.S. Congressman Sean Casten, along with six of his colleagues on the House Financial Services Committee, has urged the Biden Administration to address the illicit usage of cryptocurrency. This reflects a growing bipartisan concern on Capitol Hill regarding the need for stronger regulations and oversight of the crypto industry.

Potential legislative actions being considered include measures outlined in H.R. ___, To require the Secretary of the Treasury to report on privacy-preserving technologies, and H.R. ___, To establish an information-sharing pilot program to enhance collaboration between government agencies and the private sector. The hearing will provide lawmakers with an opportunity to examine these proposals and explore potential solutions to mitigate the risks associated with illicit crypto activity. The hearing is tentatively scheduled for 18 de nov. de 2025.

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