During a March 5 hearing of the House Financial Services Committee, US Representative Sean Casten, an Illinois Congressperson, argued that “crypto-friendly rules” threaten US national security.
The lawmaker made the remarks while debating H.R. 1716, the “Taiwan Conflict Deterrence Act of 2025,” accusing President Donald Trump and Elon Musk of dismantling Anti-Money Laundering and financial surveillance laws. Casten added:
“They are pushing crypto-friendly rules that would make it…
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