US Treasury Secretary Mnuchin Says G7 in Agreement on Libra, Cryptocurrencies
“There was a clear agreement ... that Libra, in particular, raises some very significant concerns, and cryptocurrencies more broadly," said Mnuchin.
Coinbase CEO Brian Armstrong publicly voiced concern the outgoing Trump Administration may ram through onerous new data-collection requirements for crypto exchanges.
The pair is accused of having stolen $16.8 million from customers of three different crypto exchanges, including two in the U.S.
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."
Tensions with Iran may be behind U.S. Treasury Secretary Steven Mnuchin’s cryptocurrency compliance comments on Wednesday.
U.S. Treasury Secretary Steven Mnuchin said FinCEN is preparing "significant new requirements" around cryptocurrencies to tamp down illicit activity.