To require the Financial Crimes Enforcement Network to issue guidance on digital assets, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To require the Financial Crimes Enforcement Network to issue guidance on digital assets, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Technology, Criminal Justice.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section id0a4f2104458343829d1b358ee243e01c: 1. Short title This Act may be cited as the Digital Asset Anti-Money Laundering Act of 2023.
- Section id63d9a60503db4bf4851c0141a8242b65: 2. Definitions The term anonymity enhanced cryptocurrency means a digital asset containing any feature that— prevents tracing through distributed ledgers; or...
- Section id009a2e93090b4b3c90254e9a3caa0de1: 3. Digital asset requirements Section 5312(a)(2) of title 31, United States Code, as amended by section 6110(a)(1) of the Anti-Money Laundering Act of 2020...
- Section id00ef496fefc3429b85e12a82fd1c0909: 4. Examination and review process Not later than 2 years after the date of enactment of this Act, the Secretary of the Treasury, in consultation with the...
- Section idc5a6101b5a814c8dbce1e23f5109992f: 5. Digital assets kiosks Not later than 18 months after the date of enactment of this Act, the Financial Crimes Enforcement Network shall require digital asset...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To require the Financial Crimes Enforcement Network to issue guidance on digital assets, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Technology, Criminal Justice
Primary Purpose
This bill, To require the Financial Crimes Enforcement Network to issue guidance on digital assets, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMs. Warren (for herself, Mr. Marshall, Mr. Manchin, and Mr. …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_commission"
- → The commission identified in the operative section
- "secretary_of_treasury"
- → Secretary of the Treasury
Key Definitions
Terms defined in this bill
a digital asset containing any feature that— prevents tracing through distributed ledgers
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology