Last week, U.S. Congress passed a bill called "Advancing innovation to assist law enforcement act," which requires the Financial Crimes Enforcement Network to study blockchain, AI and other technologies. The network will then provide a report to the House Financial Services Committee and the Senate Banking Committee, according to a report by Forbes.

In particular, the FinCEN will be looking at how blockchain and other technologies can improve its data analysis and fight financial crimes. It would also help compile best practices and uncover key problems with the technology.

"This legislation takes the first step to revolutionize the way law enforcement works to locate and stop criminal activity in the financial services industry including potential terrorist threats, using artificial intelligence blockchain and other emerging technologies," Representative Patrick McHenry, Republican in North Carolina, said on the House floor. "This is a fintech bill. This is a technology bill. It drives them to utilize the most advanced computing and the most advanced technology anywhere in the world and the best practices when it comes to data analysis and use."