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U.S. lawmakers want the State Department to reveal payments it does under Crypto rewards

Nishit Jogi by Nishit Jogi
December 7, 2022
in News
Reading Time: 1 min read
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Home » News » U.S. lawmakers want the State Department to reveal payments it does under Crypto rewards

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According to the National Defense Authorization Act, lawmakers in the United States want the Department of State, the government agency in charge of foreign policy, to reveal the rewards it pays in cryptocurrency (NDAA). The State Department is required to notify the House Committee on Foreign Affairs and the Senate Committee on Foreign Relations of such rewards within 15 days of their issuance, according to the draught NDAA released on Wednesday. Within six months of the act’s passage, the department will submit a report to the same committees on the use of cryptocurrency for rewards. Legislators want to know if cryptocurrency payments will encourage whistleblowers to come forward or if they will end up in the hands of bad actors.

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