Crypto advocates blast House China bill for ransomware proposal 8 minutes ago | By Cryptocurrency proponents are blistering a House bill designed to bolster the United States' economic competitiveness with China, saying it could subject financial institutions to unchecked monitoring and oversight from the Treasury Department. What the bill says: The competitiveness bill released by House Democrats Tuesday night, H.R. 4521, includes language that would grant the Treasury secretary more authority to freeze or monitor financial accounts used for cross-border illegal activity. The language authored by Rep. Jim Himes is intended to address the use of digital assets in...