H.R. 2433 requires the Under Secretary for Intelligence and Analysis to assess the threat posed by the use of virtual currencies to support designated foreign terrorist organizations (FTOs), and disseminate the assessment to State, local, and tribal law enforcement officials via the National Network of Fusion Centers.
According to the bill’s sponsor, “Research suggests that terrorists’ use of virtual currencies has been limited so far, but with groups like ISIS becoming more technologically sophisticated and virtual currencies becoming more accessible, the table is set for this threat to grow significantly in a very short time. We need to confront this threat immediately, and the first step is to fully assess and understand it.”
H.R. 2433 was included in H.R. 2825, the Department of Homeland Security Reauthorization Act, which passed the House on July 20th, 2017, by a vote of 386-41.