US lawmakers propose amending cybersecurity bill to include crypto companies reporting potential threats

Under the proposed amendment, the 2015 legislation would be renamed the Cybersecurity and Cryptocurrency Information Sharing Act .

US Senators Marsha Blackburn and Cynthia Lummis have proposed changes to a 2015 bill that would allow "the voluntary sharing of cyber threat indicator information between cryptocurrency companies".

Under a bill to amend the Cybersecurity Information Sharing Act of 2015, Blackburn and Lummis suggested that U.S. lawmakers allow companies involved in distributed ledger technology or digital assets to report to the government network damage, data breaches, ransomware attacks and related cybersecurity threats. officials for any assistance. If the bill becomes law, agencies such as the Financial Crimes Enforcement Network and the Cybersecurity and Infrastructure Security Agency would issue policies and procedures for crypto businesses facing potential cybersecurity risks.

The original bill, which passed the Senate in October 2015, essentially established a framework for the US government to coordinate cybersecurity reports from "private entities, non-federal government agencies , states, tribal and local governments, the public, and entities at risk" and recommend possible methods to prevent and protect against attacks. Under the proposed amendment, the legislation would be renamed the Information Sharing Act on cybersecurity and cryptocurrency.

Blackburn reportedly told TechCrunch that the amendments to the cybersecurity bill would provide crypto businesses with a way to “flag bad actors and protect cryptocurrency from unsafe practices,” given potential illegal uses. Lummis has also co-sponsored Senate bills aimed at clarifying regulations