Financial Technology Protection Act of 2025

The Financial Technology Protection Act of 2025 establishes an Independent Financial Technology Working Group to study how terrorists and criminals use digital assets (like cryptocurrency) to evade sanctions, launder money, or fund illicit activities. The group, composed of federal agencies (Treasury, Justice, FBI, etc.) and private-sector representatives from fintech, blockchain, financial institutions, and privacy organizations, will research these threats and develop new anti-money laundering proposals. It must submit annual reports to Congress for four years, including a final report before dissolving, and requires a separate strategy report on preventing foreign actors from exploiting digital tools to bypass U.S. sanctions. The bill directly affects government agencies, financial technology companies, and privacy-focused organizations through its research mandates and reporting requirements.