Financial Technology Protection Act of 2023

This bill establishes the Independent Financial Technology Working Group, chaired by the Treasury Secretary, to research and address terrorist and illicit financial activities using new technologies like digital assets. The group includes federal agency representatives (Treasury, DOJ, DHS, State, CIA) and five private-sector members from fintech, blockchain, financial institutions, and research organizations. Key provisions require the group to develop regulatory proposals, submit annual reports to Congress on findings, and produce a final report after its 4-year term. The bill also mandates a presidential report within 180 days detailing digital asset risks to national security and a congressional briefing after two years. The Working Group terminates after four years, with ongoing activities allowed to complete.