U.S. Senators Introduce Draft "Cryptocurrency Cybersecurity Information Sharing Act"

U.S. Senators Marsha Blackburn and Cynthia Lummis have introduced a new draft bill "Cryptocurrency Cybersecurity Information Sharing Act" (Cryptocurrency Cybersecurity Information Sharing Act), which aims to provide guidelines for cryptocurrency companies to report cybersecurity threats. The bill would amend the Cyber Security Information Sharing Act of 2015 to include cryptocurrency companies and give them more legal flexibility to share information with federal authorities, including reporting cyber threats to companies handling digital assets The voluntary reporting guidelines, which aim to provide an updated set of regulatory guidelines to address the misuse of cryptocurrencies to conceal illicit conduct.