United States lawmakers in the House of Representatives have voted in favor of legislation targeting the illicit use of cryptocurrencies. House members passed the Financial Technology Protection Act on July 22 by voice vote after the bill was introduced in April 2023. According to Representative Zach Nunn, the bill aims to “ensure the United States is prepared to address security risks and prevent illicit money laundering while also protecting consumer choice.” Nunn and fellow Representative Jim Himes introduced the bill to address how “rogue and foreign nations” could bypass sanctions. Citron…