Financial Technology Protection Act of 2025

# Financial Technology Protection Act of 2025 - Summary **What it does:** This bill creates a new working group to study how terrorists and criminals use digital assets and emerging technologies to move money illegally and evade international sanctions. The group would develop recommendations to strengthen the government's anti-money laundering and counterterrorism financing programs. Additionally, the Treasury Department must report on national security threats posed by digital assets being used to bypass sanctions, along with a strategy to prevent such misuse. **Who it affects:** The bill primarily affects the Treasury Department and financial institutions, which would need to implement any new anti-money laundering rules that result from the working group's recommendations. It may also impact cryptocurrency exchanges and other financial technology companies subject to federal oversight. **Key provisions:** The working group would operate for up to four years, studying how bad actors use technologies like cryptocurrencies and digital payment systems.

The Treasury must specifically assess threats from foreign states and terrorist organizations using these tools to circumvent U.S. sanctions. **Current status:** The bill has passed the House of Representatives. It now awaits consideration in the Senate before it could become law.