US Legislators Urge State Department to Reveal Crypto Prizes
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NDAA to Disclose Crypto Prizes
The NDAA draft, issued on Wednesday, said that the State Department must notify the Committee on Foreign Relations of the Senate and the Committee on Foreign Affairs of the House of Representatives within 15 days after granting such crypto prizes.
Additionally, within six months of the act's passage, the ministry will present a review to the same committees on the usage of cryptocurrency for prizes. The question for the legislators is whether cryptocurrency rewards would inspire whistleblowers to step out or if they will go into the hands of the wrong people.
Promotion of Different Ideas
In order for the Act, which approves defense expenditure, to take effect, the legislature must approve it, and the President must sign it into law. Politicians, however, frequently utilize the NDAA to promote diverse ideas because it is a bit of legislation that must approve.
Yesterday, the US Federal Trade Commission (FTC) investigated a number of cryptocurrency companies for allegedly false or deceptive cryptocurrency advertising. According to FTC spokesman Juliana Gruenwald, the organization sought to investigate many firms for potential misuse of digital assets.