The US House of Representatives voted to include cryptocurrency in the Criminal Code.

The US House of Representatives of Michigan passed the HB 4102 Act on April 9, which incorporated cryptocurrencies into the criminal code for illegal acts of financial interests. Michigan State MPs voted to pass amendments to the various sections of the Michigan Criminal Code, specifying that cryptocurrencies will be included in provisions related to money laundering, misappropriation of public funds, credit card fraud, and financial transactions involving criminal proceeds. The bill also defines cryptocurrency as “digital currency, in which cryptography is used to regulate the generation of monetary units and to verify the transfer of funds, independent of the central bank. The bill has been voted in the House of Representatives by 108-1. This means that the bill will now be submitted to the Michigan Senate for further consideration.