As the war in Ukraine rages on, Congress is keen on figuring out exactly what role cryptocurrencies have played in the conflict in the past seven months. The Russia Cryptocurrency Transparency Act passed the House on Tuesday and moved to the Senate, where it is currently in committee. The bill covers several topics that have gained attention since Russia’s invasion of Ukraine. “The imperative of starving Valdimir Putin of funds for Russia’s illegal war in Ukraine has brought renewed focus on the role cryptocurrencies can potentially have in money laundering and sanctions evasion,” bill sponsor Rep. Gregory Meeks, ... (full story)