Digital Asset Anti-Money Laundering Act of 2023
Latest Action
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-592.
Official Summary
Official summary has not been imported yet.
GovScope Watchdog™
AI Government Intelligence™The Digital Asset Anti-Money Laundering Act of 2023 (S.2669) is a Senate bill introduced in the 118th Congress focused on addressing money laundering risks associated with digital assets. The bill falls under the policy area of Finance and Financial Sector and was considered by the Senate Committee on Banking, Housing, and Urban Affairs, which held hearings on the topic. However, the bill did not advance beyond committee and is currently classified as failed or expired. No official summary or full text is available, limiting detailed analysis of specific provisions.
S.2669 aimed to enhance anti-money laundering regulations related to digital assets but did not progress past committee hearings and is now expired.
- The bill was introduced in the Senate during the 118th Congress and focused on anti-money laundering measures for digital assets.
- Hearings were held by the Senate Committee on Banking, Housing, and Urban Affairs, indicating legislative interest and examination of the topic.
- The bill did not advance beyond committee and is currently marked as failed or expired, with no publicly available full text or official summary.
['Financial regulatory agencies tasked with enforcing anti-money laundering laws', 'Financial institutions and businesses involved in digital asset transactions seeking regulatory clarity', 'Law enforcement agencies focused on combating financial crimes involving digital assets']
['Lack of publicly available full bill text and official summary limits transparency and detailed understanding of regulatory scope and requirements', 'Potential challenges in implementation and enforcement due to the evolving nature of digital assets and related technologies', 'Unclear cost implications for regulated entities and government agencies due to absence of detailed provisions']
The bill was considered during the 118th Congress and reflects ongoing legislative efforts to address risks associated with digital assets in the financial sector. The Senate Committee on Banking, Housing, and Urban Affairs conducted hearings, but the bill did not move forward, resulting in its failed or expired status as of the latest update in May 2026.
Hidden impact flags detected: 2
GovScope reviewed 2 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.
['Potential increased regulatory scrutiny on digital asset transactions if similar legislation is enacted in the future', 'Possible influence on future legislative proposals addressing financial crimes involving emerging technologies', 'Heightened awareness among financial institutions about compliance risks related to digital assets']
The absence of an official summary and full bill text restricts transparency and public understanding of the bill's specific regulatory measures and scope. The bill's failure to advance beyond committee hearings highlights the importance of monitoring legislative developments in digital asset regulation. Oversight should focus on ensuring clear, accessible documentation for stakeholders and evaluating the practical enforceability of any future related legislation.
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