U.S. Treasury Pushing For Significant Crypto Regulation
View Source | September 8, 2022 6:36 pm
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- The U.S. Treasury is expected to seek sweeping regulations to address cryptocurrency fraud and crypto scams.
- Hackers stole about $1 billion in crypto between January 2021. and March 2022, though Treasury said crypto doesn’t pose a threat to the “broader financial system.”
- “We mostly see a predatory model similar to what we saw in the run-up to the 2008 financial crisis,” Americans for Financial Reform crypto specialist Mark Hays told The Washington. Post. “We hope the report finds a way to communicate the scale and severity of that potential harm.”
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