Coinbase CEO: Trump Administration May ‘Rush Out’ Burdensome Crypto Wallet Rules
Coinbase CEO Brian Armstrong publicly voiced concern the outgoing Trump Administration may ram through onerous new data-collection requirements for crypto exchanges.
Yellen succeeds Steven Mnuchin in running the U.S. government’s treasury. Here’s what she will oversee in the crypto world.
“I think we need to look closely at how to encourage their use for legitimate activities while curtailing their use for malign and illegal activities,” Janet Yellen wrote.
BitPay is accused of facilitating over 2,100 transactions with individuals in sanctioned nations.
The U.S. should examine how it can curtail the use of crypto for illicit financing, the former Fed Chair said.
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."