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Cryptocurrency Cybersecurity: Voluntary Information Sharing for Enhanced Protection

This new law allows cryptocurrency companies to voluntarily share information about cyber threats to better protect against attacks. The goal is to enhance the security of digital transactions and assets, indirectly safeguarding citizens' personal finances when using cryptocurrencies. Companies must notify authorities of their intent to share information and adhere to data protection rules.
Key points
Cryptocurrency companies can voluntarily share cyber threat indicators to combat fraud and attacks together.
Information sharing aims to boost the security of digital assets and transactions, potentially protecting your crypto finances.
Companies must notify authorities of their sharing intentions and follow strict privacy rules to keep your data safe.
The act provides liability protection for companies sharing information, provided they follow specified procedures.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_4985
Sponsor: Sen. Blackburn, Marsha [R-TN]
Process start date: 2022-09-28
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Cryptocurrency Cybersecurity Information Sharing Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4985.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-09-28.

What are the main provisions?

Key points include:

  • Cryptocurrency companies can voluntarily share cyber threat indicators to combat fraud and attacks together.
  • Information sharing aims to boost the security of digital assets and transactions, potentially protecting your crypto finances.
  • Companies must notify authorities of their sharing intentions and follow strict privacy rules to keep your data safe.
  • The act provides liability protection for companies sharing information, provided they follow specified procedures.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Blackburn, Marsha [R-TN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Security Economy