Financial Technology Protection Act of 2025

The Financial Technology Protection Act of 2025 would establish an Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing. This group would study how terrorist organizations and criminal actors use digital assets and emerging technologies to conduct illegal activities and evade detection by authorities. The working group would develop recommendations to strengthen anti-money laundering and counterterrorism financing efforts in response to these threats.

The bill would also require the Department of the Treasury to assess risks posed by digital assets and emerging technologies when used by hostile states, non-state actors, and terrorist groups to circumvent international sanctions. Treasury would need to develop and present a strategy to prevent and counter such activities that could threaten U.S. national security.

The working group would operate for up to four years after the bill becomes law, or until it completes its work, whichever comes later. For everyday citizens, this bill would primarily affect financial institutions and technology companies, which would likely face new regulatory requirements based on the working group's findings. The practical impact on individual Americans would depend on what recommendations emerge and how they are implemented through future regulations.

The bill has passed the House and is currently under review by the Senate Committee on Banking, Housing, and Urban Affairs. It would not take effect unless the Senate approves it and the President signs it into law.