US lawmakers want State Department to justify crypto rewards and disclose payouts

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A new proposed amendment under NDAA could require the U.S. Department of State to justify crypto rewards and disclose any crypto payouts within 15 days of making it.

an amendment to the State Department Basic Authorities Act of 1956 that includes information on crypto rewards and payouts.

The NDAA is the name for each of a series of United States federal laws specifying the annual budget and expenditures of the U.S. Department of Defense.“Not later than 15 days before making a reward in a form that includes cryptocurrency, the secretary of State shall notify the Committee on Foreign Affairs of the House of Representatives and the Committee on Foreign Relations of the Senate of such form for the rewards.

 

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