Two U.S. senators reintroduced legislation on Thursday that would address limits on the ability of the Secret Service to investigate efforts to launder money made through cybercrime.
U.S. Senators Catherine Cortez Masto (D-Nev.) and Chuck Grassley (R-Iowa) said the Secret Service works with the Treasury Department, DOJ and other law enforcement to investigate cybercrimes but are hampered by rules that limit their jurisdiction over unlicensed money transmitting businesses.
The reintroduced Combatting Money Laundering in Cyber Crime Act would update current laws to authorize the Secret Service to investigate all new forms of criminal activity involving digital assets.
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