US Feds, NYC Officials Seek Public Input on Crypto Regulation -Breaking
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US Feds, NYC Officials Ask for Public Comments on Crypto Regulation- Participation from the private sector is crucial in digital asset management.
- US officials are seeking input from the public on ways to regulate cryptocurrency.
- The crypto industry has submitted more than 10,000 comments to FinCEN.
The popularity of digital assets has exploded over recent years. Government regulators are increasingly interested as digital assets gain popularity.
US officials are seeking input from the public on ways to regulate cryptocurrency. Back in 2018, the US Treasury’s Financial Crimes Enforcement Network (FinCEN) had requested comments from the public on the use of digital assets.
A recent announcement on May 19th, 2022 confirms that an executive orders directs the secretary commerce to work with the secretary-state, secretary of the treasurey and heads of all other agencies in order to develop a framework for increasing U.S. competitiveness through the use of digital assets technologies. On Thursday, the U.S. Commerce Department’s International Trade Administration issued a notice asking for public input for this framework.
Experts in the industry say private sector participation is mandatory to…
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