US Government Sanctions Crypto Addresses Linked to Russian Election Fraud Scheme
The move is part of a sweeping set of actions taken by the U.S. government against alleged Russian election interference.
The Treasury Department didn't lay out a timeline for when it will publish its recommendations on stablecoin regulation.
Federal Reserve Chairman Jerome Powell, Securities and Exchange Commission Chair Gary Gensler and Commodity Futures Trading Commission Acting Chair Rostin Behnam will also participate in Monday's meeting.
According to the US Treasury Department, the suspect solicited donations for a militant group involved in the Syrian civil war.
"I would prioritize implementing pieces" of a new AML law around crypto, Treasury Department nominee Brian Nelson said.
The report highlighted virtual currencies and cash as potential ways to hide income from the government.
Reps. Warren Davidson, Tom Emmer, Ted Budd and Scott Perry urged Steven Mnuchin to rethink his rumored self-hosted wallet regulations in an open letter Wednesday that warned such rules might "crush a nascent industry."