Krutika Adani
A bipartisan bill has been recently tabled in the US Congress that gives the US Secret Service the power to investigate any crypto crime.
As per Masto, the bill will give the US Secret Service better powers to investigate new forms of financial crime.
US Senator Charles Grassley (Republican) and Senator Catherine Cortez Masto (Democrat) introduced the bill in the US Senate. Grassley is also the longest-serving senator from his party.
The Secret Service was designed to protect the current and former US presidents. Investigating crypto crimes is naturally outside its mandate.
The bill is unlikely to be passed, but if it is passed, it might add to the confusion in US crypto regulations.