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The White House is reviewing plans to create a central bank digital currency and expand the Bank Secrecy Act and money-transmission rules to explicitly cover cryptocurrency exchanges and other virtual asset service providers, or VASPs, by name, U.S. officials said Friday.

In tandem with the Biden administration’s consideration of the proposals, Treasury is formally assessing the risk of illicit finance posed by cryptocurrency payments to and from decentralized-finance platforms, or DeFi, and coordinating with state regulators on licensing and supervising those and other VASPs for anti-money laundering purposes.

The Justice Department’s criminal division has meanwhile established a new function, the Digital Asset Coordinators Network, comprised of more than 150 federal prosecutors involved in litigation who will receive and share special training, technical analysis and guidance on investigating and prosecuting attempts to move illegally earned profits via cryptocurrency.