OREANDA-NEWS. Members of the House of Representatives and senators of the US Congress submitted 32 bills to regulate the crypto industry.

It is known that 12 bills are aimed at suppressing the use of digital assets in terrorism, money laundering and other criminal activities. Another 13 proposals relate to the development of a regulatory basis that will introduce cryptocurrency and blockchain into the legal field. 5 bills should allow the US government to use distributed ledger technology, and 2 draft laws are dedicated to the digital dollar. One of the bills aims to combat the use of cryptocurrency by foreign states to circumvent economic sanctions. Another document is considering the possibility of international assistance to protect financial institutions from cyber attacks.

Forbes reports that one of the reasons for such activity was the announcement of its payment system Libra by the social network Facebook.