House passes a digital-asset illicit-finance working-group bill

What changed

The House passed the Financial Technology Protection Act of 2025. The bill would establish an interagency working group on terrorist and illicit use of digital assets and emerging technology and require Treasury sanctions-evasion and mitigation reporting. It remains pending in the Senate.

Who it affects

• Digital-asset firms, financial institutions, AML professionals, advisers, and clients

What is still open

• Whether the Senate will pass the bill and what recommendations a future working group would make

What it means for an advisor

• Monitor for later AML or sanctions proposals; the House action creates no current compliance duty.