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Congress Members Raise Concerns over US Treasury’s Cryptocurrency Rule – Finance Magnates
Eight US Congress members sent a letter to the US Treasury Secretary Steven Mnuchin raising concerns over proposed KYC regulations of cryptocurrency assets.
US Congressman, Tom Emmer, along with seven other Congress members sent a letter to the US Treasury Secretary, Steven Mnuchin demanding a comment period extension of the proposed FinCEN regulation for cryptocurrency assets. The letter states that the 15 day comment period is too short to have a meaningful discussion on the newly proposed cryptocurrency KYC rules.
Congress members, Tom Emmer, Warren Davidson, David Schweikert, Ted Budd, Bill Foster, Suzan K. DelBene, Darren Soto and Tulsi Gabbard…
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