The U.S. Senate still requires a supermajority vote to approve legislation, while politicians are focused on geopolitical matters and the upcoming 2024 election season. However, a crypto bill called the Digital Asset Anti-Money Laundering Act may have bipartisan support. This bill would apply Bank Secrecy Act requirements to crypto participants who are not financial institutions, such as programmers and tech providers. While some argue that the legislation is necessary for national security, others believe that digital assets do not pose a threat. The bill addresses concerns about cybercrimes committed by adversarial countries and aims to secure digital assets by implementing proven methods used by domestic financial institutions. It would extend Bank Secrecy Act responsibilities, address gaps with unhosted digital wallets, and strengthen enforcement of compliance. Supporters argue that rogue nations like Iran, Russia, and North Korea use digital assets to launder funds and evade sanctions. They claim that the bill will help subvert these efforts and mitigate illicit finance risks. However, critics are concerned about overregulation and the potential redundancy and excessive costs it may bring. They argue that the bill may disrupt the existing regulatory regime and expose the digital asset industry to duplicative enforcement actions. The fate of the bill becoming law is uncertain, as the House of Representatives is still recovering from leadership struggles.