1. Short title This Act may be cited as the Financial Technology Protection Act of 2023 . 2. Independent financial technology working group to combat terrorism and illicit financing (a) Establishment There is established the Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing (in this section referred to as the Working Group ), which shall consist of the following: (1) The Secretary of the Treasury, acting through the Under Secretary for Terrorism and Financial Intelligence, who shall serve as the chair of the Working Group. (2) A senior-level representative from each of the following: (A) Each of the following components of the Department of the Treasury: (i) The Financial Crimes Enforcement Network. (ii) The Internal Revenue Service. (iii) The Office of Foreign Assets Control. (B) The Department of Justice and each of the following components of the Department: (i) The Federal Bureau of Investigation. (ii) The Drug Enforcement Administration. (C) The Department of Homeland Security and the United States Secret Service. (D) The Department of State. (E) The Central Intelligence Agency. (3) Five individuals appointed by the Under Secretary for Terrorism and Financial Intelligence to represent the following: (A) Financial technology companies. (B) Blockchain intelligence companies. (C) Financial institutions. (D) Institutions or organizations engaged in research. (b) Duties The Working Group shall— (1) conduct research on terrorist and illicit use of new financial technologies, including digital assets