The America COMPETES Act of 2022 was introduced in the U.S. House of Representatives. The bill would, among other things, modernize FinCEN's special-measures authority to "empower FinCEN to adapt its existing tools, monitor and obstruct global financial threats, and meet the challenges of combating 21st century crime."
The DOJ established a National Cryptocurrency Enforcement Team to investigate and prosecute criminal activity involving cryptocurrency.
The U.S. House of Representatives passed a bill that would direct the CFTC and SEC to jointly create a digital assets working group.
FinCEN Director Kenneth A. Blanco will step down on April 9, 2021. Effective April 11, 2021, Michael Mosier will serve as Acting Director; AnnaLou Tirol was appointed to serve as Deputy Director.