U.S. House of Representatives introduced the America COMPETES Act designed to advance U.S. competitiveness and leadership around the globe earlier this week. A new provision in the bill could allow the Treasury Secretary to block or “impose conditions” on transactions, should the official find the transaction or the accounts involved are engaged in money laundering. CoinDesk's Nikhilesh De discusses what we know so far and what this means for the crypto markets. #cryptocurrency #digitalfinance #finance #bitcoin #crypto Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 Site: https://www.coindesk.com Twitter: https://www.twitter.com/coindesk LinkedIn: https://www.linkedin.com/company/3104779/admin Instagram: https://www.instagram.com/coindesk Facebook: https://www.facebook.com/CoinDesk Newsletters: https://www.coindesk.com/newsletters CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8BlxsUqzL2IqmLqwE CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.