DC Magistrate Judge Calls Unhosted Wallet ‘Horror Story’ a ‘Fiction’
“Indeed, cash poses a greater challenge to law enforcement than cryptocurrency in unhosted wallets," wrote Judge Zia Faruqui in an opinion on a forfeiture case.
FinCEN
FinCEN Deputy Director Michael Mosier encouraged commenters to provide practical, technical feedback on the rule.
Donald Trump may have been anti-crypto but his appointed regulators ushered in a largely industry-friendly regime.
Due to a lack of enforcement on the part of authorities, offshore crypto exchanges sell unregulated services to U.S. consumers "seemingly without penalty."
The industry now has 60 days to provide feedback on the proposal.
The incoming president has already announced he would tap pro-crypto, pro-regulation Gary Gensler to lead the SEC, but other issues remain.
FinCEN
