The 2022 appropriations bill features some national security provisions related to crypto.
A long-delayed appropriations bill for 2022 has passed in the House of Representatives and is heading for the Senate as of March 9.
Included in the bill's 2,741 pages of legislation are several provisions aiming at China's central bank digital currency, or CBDC, as well as new requirements for ransomware reporting. One section calls for the President to produce a report on the Chinese digital yuan, particularly the"short-, medium-, and long-term national security risks" that it poses. The risks the report would emphasize are transactional surveillance, illicit financing, and economic coercion from China.
The new reporting requirements for ransomware attacks became a major topic of policymaking discussions in 2021, after ransomware attacks crippled the Colonial Pipeline and JBS meatpacking. Ransomware subsequently became a
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