Should regulations aimed at halting the financial activity of alleged criminals and terrorists be vastly expanded to include cryptocurrencies and firms that use them? Could this potentially harm entrepreneurial spirit and consumer freedom to deal in digital assets?
Those were the questions asked this week in Washington as officials from the Treasury Department seek new tools to regulate and track Bitcoin and cryptocurrencies that would impact the estimated 50 million Americans who use them.
On Tuesday, the Senate Banking Committee held an oversight hearing with Treasury Deputy Secretary Wally Adeyemo, who offered a series of rule changes to more strictly regulate the crypto activities of alleged criminals.
Trending: Paris Hilton: “The Held Me Down, Spread My Legs…” [WARNING: Graphic]
The three main proposals sought by the treasury would be to develop a sanctions protocol for foreign digital asset providers through
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!