According to ChainCatcher, Fox reporter Eleanor Terrett reported that U.S. Congressman Brad Sherman submitted an amendment to the House Rules Committee, requiring the following to be included in the passed National Defense Authorization Act (NDAA):The Secretary of the Treasury will have "clear authority to prohibit digital asset trading platforms and trading intermediaries under U.S. jurisdiction from transacting with known or reasonably suspected cryptocurrency addresses in Russia."The Financial Crimes Enforcement Network (@FinCENnews) will have the authority to require U.S. taxpayers participating in overseas cryptocurrency transactions exceeding $10,000 to submit FinCEN Form 114 (FBAR).

ChainCatcher News: U.S. Congressman Tom Emmer stated on social media that the SEC has suffered consecutive defeats in the Ripple case and the Grayscale case. He will continue to monitor the outcomes of pending lawsuits, but policymakers should clearly recognize that, despite SEC Chairman Gary Gensler's extensive promotion, the crypto industry is not "rife with non-compliance."

According to ChainCatcher, as reported by CoinDesk, more than one-third of the 535 members of the U.S. Congress have received funding from SBF, with at least 196 individuals confirmed to have received cash campaign support from SBF or other senior executives at FTX. Most members of Congress have stated that they have donated the funds to charity to eliminate the "taint of SBF's donations," and some have been in contact with the U.S. Department of Justice to compensate FTX victims. (Source link)

ChainCatcher news, Mario Nawfal, founder and CEO of the Dubai venture capital firm IBC Group, stated on social media that 8 U.S. Congress members are attempting to prevent the U.S. Securities and Exchange Commission (SEC) from investigating FTX, with 4 Democrats and 4 Republicans involved.Mario Nawfal further added that this situation may indicate that FTX has made political donations to both parties. (source link)