“The most urgent problem in crypto today is its illicit use by rogue nations, ransomware gangs, drug traffickers, and cybercriminals,”

Rouge Nation (check)- https://en.wikipedia.org/wiki/2003_invasion_of_Iraq
CyberCriminals (check)- https://en.wikipedia.org/wiki/Stuxnet
Drug Traffickers (check)- https://en.wikipedia.org/wiki/CIA_involvement_in_Contra_cocaine_trafficking
Ransomware gangs (check) - https://en.wikipedia.org/wiki/Silk_Road_(marketplace)#Arrest_and_trial_of_Ross_Ulbricht

Requires the Secretary of the Treasury to establish examination standards for crypto assets

Good to see the fox is making the rules for the hen house.