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The U.S. House of Representatives passed the Illegal Financing Act for Cryptocurrency, but it may be vetoed by the Senate.

Jinse Finance reported that the U.S. House of Representatives has passed the Cryptocurrency Illegal Financing Act, which will establish a federal group to assess the role of Cryptocurrency in terrorism and illegal finance and make recommendations to prevent such activities, but it is expected that the bill will not be approved by the Senate.

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