US Congressmen Combat Treasury’s “Impractical Regulatory Burdens” on Crypto | Crypto Briefing

Key Takeaways

  • The CEO of Coinbase brought to light a controversial proposal planned by the Department of Treasury. 
  • Four U.S. Congress members have written an open letter to Treasury Secretary Steven Mnuchin, asking to reconsider the proposal.
  • CEO of Circle, Jeremy Allaire, joined the discussion, requesting a one-two year “safe-harbor,” before the state takes decisive action.

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