Contact Congress about S. 2669: Digital Asset Anti-Money Laundering Act of 2023

More crypto businesses and network actors would have to follow money-laundering rules. Some users with over $10,000 in foreign crypto accounts would also have to file reports. Crypto kiosks would face new location reports and customer ID checks.

Modern Action explains what the legislation does, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.

Digital Asset Anti-Money Laundering Act of 2023 is a Senate bill in Congress.

Who this affects: This bill mainly affects people and businesses that help move, store, exchange, sell, lend, mine, or validate digital assets. It also affects crypto kiosk operators and U.S. people with large crypto accounts outside the country. Ordinary crypto users could see more ID checks and less access to privacy tools, depending on the final rules.

Why this matters: This bill matters because it would make crypto activity easier for federal agencies to monitor. Today, some parts of the digital asset system may fall outside clear money-laundering rules. The bill would close some of those gaps, but it could also raise costs and reduce privacy. The hardest questions would be settled later by agency rules.

Key provisions in S. 2669

• The bill would treat more crypto actors as financial institutions under federal money-laundering law. That includes unhosted wallet providers, miners, validators, some independent network participants, and other digital asset service providers Treasury defines.
• Treasury and FinCEN would have 180 days to write rules for these newly covered crypto financial institutions. The rules could exempt low-risk internal blockchain uses that cannot be traded or converted into other value.
• FinCEN could make covered crypto entities register as money service businesses. This could apply under both U.S. registration rules and rules for some foreign operators.
• FinCEN would have one year to finish an older proposed rule. That rule covers some transactions involving convertible virtual currency and digital assets.
• U.S. people with more than $10,000 in digital assets in foreign accounts would have to file foreign account reports. Treasury would have 18 months to write those rules.

How Modern Action helps you take action on S. 2669

You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.

Questions people ask about S. 2669

What is S. 2669?

More crypto businesses and network actors would have to follow money-laundering rules. Some users with over $10,000 in foreign crypto accounts would also have to file reports. Crypto kiosks would face new location reports and customer ID checks.

How do I support or oppose S. 2669?

Choose support, oppose, or ask for changes on Modern Action. The action flow drafts the message for you and keeps the wording tied to this bill.

Who should I contact about S. 2669?

Modern Action uses your location to route the action to the congressional offices relevant to the bill and your representation.

How does Modern Action help me act on S. 2669?

Modern Action gives you bill-specific context, lets you choose support, opposition, or changes, and drafts a message from your position and reasons.