2023-05-31T16:21:22-04:00May 31st, 2023|5- Client Report|

Senate Banking Targets China’s Crypto, Data Controls

While largely focused on countering fentanyl, today’s Senate Banking hearing on China, saw Committee Democrats try to ascertain the details of a potential outbound investment executive order and Republicans addressing what they believe to be shortcomings in data privacy, AML regulation, and sanctions policy.  Despite broad agreement on the national security and economic threat of China, the only apparent Congressional actions address crypto and data privacy.