# 117-hr-7338: Russia Cryptocurrency Transparency Act

117-hr-7338, Russia Cryptocurrency Transparency Act, is a 117th Congress bill sponsored by Rep. Meeks, Gregory W. [D-NY-5] (D-NY); status Received in the Senate and Read twice and referred to the Committee on Foreign Relations. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/117-hr-7338
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-hr-7338
- Congress: 117
- Title: Russia Cryptocurrency Transparency Act
- Status: Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
- Introduced: 2022-03-31
- Sponsor: Rep. Meeks, Gregory W. [D-NY-5] (D-NY)
- Cosponsors: 1
- Policy area: International Affairs
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Russia Cryptocurrency Transparency Act This bill requires the Department of State to appoint a Director of Digital Currency Security and take other actions related to digital currencies. The director shall be a part of the State Department's Office of Economic Sanctions Policy and Implementation and shall be responsible for issues related to digital currencies and U.S. sanctions, including assisting in the development of sanctions policies that are resilient to digital currency use by malevolent actors. The bill also requires the State Department to notify Congress before making a reward in cryptocurrency under an existing program that authorizes rewards for information leading to the arrest or conviction of parties responsible for certain criminal acts. (Current law allows such rewards to consist of money, nonmonetary items, or both.) The State Department must report to Congress on any cryptocurrency payments made under the rewards program, including any justification for using cryptocurrency for such rewards. The bill also requires the State Department to report to Congress on (1) the possible uses of cryptocurrencies or other blockchain-related technologies to provide aid to Ukraine, and (2) an assessment of how digital currencies can affect the effectiveness and enforcement of U.S. sanctions relating to Russia's invasion of Ukraine. (Blockchain is a digital ledger technology that allows for transactions without a trusted intermediary, such as a bank.)

## Cosponsors (1)

- Rep. McCaul, Michael T. [R-TX-10] (R-TX), 2022-03-31T00:00:00.000Z

## Related bills

- 117-hr-4693: Global Malnutrition Prevention and Treatment Act of 2021
- 117-hr-1448: PAWS for Veterans Therapy Act
- 117-hr-3537: Accelerating Access to Critical Therapies for ALS Act
- 117-hr-1193: Cardiovascular Advances in Research and Opportunities Legacy Act
- 117-hr-263: Big Cat Public Safety Act
- 117-hr-310: To posthumously award the Congressional Gold Medal, collectively, to Glen Doherty, Tyrone Woods, J. Christopher Stevens, and Sean Smith, in recognition of thei…

## Sources
- [117-hr-7338 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/7338)

## Related
- [117-hr-4693: Global Malnutrition Prevention and Treatment Act of 2021](https://policyrisk.com/legislation/117-hr-4693)
- [117-hr-1448: PAWS for Veterans Therapy Act](https://policyrisk.com/legislation/117-hr-1448)
- [117-hr-3537: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/117-hr-3537)
- [117-hr-1193: Cardiovascular Advances in Research and Opportunities Legacy Act](https://policyrisk.com/legislation/117-hr-1193)
- [117-hr-263: Big Cat Public Safety Act](https://policyrisk.com/legislation/117-hr-263)
- [117-hr-310: To posthumously award the Congressional Gold Medal, collectively, to Glen Doher…](https://policyrisk.com/legislation/117-hr-310)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-7338 (as of 2025-11-18).