Under the proposed change, the 2015 legislation would be renamed the Cryptocurrency Cybersecurity info Sharing Act.
United States Senators Marsha Blackburn and Cynthia Lummis have introduced planned changes to a 2015 bill that will permit “voluntary data sharing of cyber threat indicators among cryptocurrency companies.”
According to a draft bill on amending the Cybersecurity data Sharing Act of 2015, Blackburn and Lummis suggested U.S. lawmakers permit firms attached distributed ledger technology or digital assets to report network injury, information breaches, ransomware attacks and related cybersecurity threats to government officials for potential help. ought to the bill be signed into law, agencies together with the money Crimes social control Network and also the Cybersecurity and Infrastructure Security Agency would issue policies and procedures for crypto corporations facing potential cybersecurity risks.
The original bill, that passed within the Senate in October 2015, primarily created a framework for the U.S. government to coordinate cybersecurity reports from “private entities, nonfederal government agencies, state, tribal, and local governments, the public, and entities under threats” and recommend possible ways to forestall and shield against attacks. under the proposed amendment, the legislation would be renamed the Cryptocurrency Cybersecurity data Sharing Act.
Blackburn reportedly told TechCrunch that the amendments to the cybersecurity bill would offer a method for crypto corporations to “report unhealthy actors and shield cryptocurrency from dangerous practices,” given potential banned uses. Lummis has also co-sponsored bills in the Senate aimed at providing restrictive clarity to the area by addressing the several roles of the Securities and Exchange Commission and commodity Futures trading Commission over digital assets.
( Turner Wright, Cointelegraph, 2022 )