Combatting Money Laundering in Cyber Crime Act of 2025

Bill 119 s 1273, also known as the "Digital Asset Transaction Authority Act," aims to enhance the investigative powers of the United States Secret Service in combating cyber crimes related to digital asset transactions. The bill specifically targets activities such as unlicensed money transmitting businesses, structured transactions, and fraud against financial institutions.

If passed, this legislation would give the Secret Service more authority to investigate and prosecute individuals and organizations involved in these types of cyber criminal activities. This includes the ability to track and monitor digital asset transactions, gather evidence, and collaborate with other law enforcement agencies to combat transnational cyber crime.

The bill emphasizes the importance of protecting the financial system from illicit activities conducted through digital assets, such as cryptocurrencies. By strengthening the Secret Service's authority in this area, the legislation aims to deter and prevent cyber criminals from exploiting digital assets for illegal purposes. Overall, the Digital Asset Transaction Authority Act seeks to address the growing threat of cyber crime in the digital asset space and enhance the government's ability to investigate and prosecute those responsible for such criminal activities.