Treasury is the overall policy center for financial services in the government. The lack of a clear vision is causing mixed signals for the industry.
FinCEN is the federal agency charged with implementing AML laws, requiring crypto exchanges to monitor their platforms for compliance.
The IRS could treat cryptocurrency more like foreign currency, which may alleviate tax burdens on small transactions involving crypto.
Treasury's oversight extends to a $169 billion market cap for stablecoins, highlighting the evolving nature of financial regulation.
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