U.S. House Panel Votes to Disapprove of Controversial SEC Custody Guidance

Lawmakers also debated another bill, the Combating Money Laundering in Cyber Crime Act, that would grant the U.S. Secret Service greater resources to investigate cyber crimes, including crypto involvement. Rep. Zach Nunn (R-Iowa), one of the bill’s cosponsors, said cyber crimes have led to hundreds of billions of dollars lost – and the total cost may exceed $11 trillion.