US Treasury Pushes For More Control Amid Bitcoin Halving Hype
The global digital assets industry is preparing for the Bitcoin halving event, with the US Treasury Department requesting more enforcement powers to address illicit finance linked to digital assets.
Coinbase’s Chief Legal Officer, Paul Grewal, emphasized the need for stablecoin legislation to address US security interests.
Deputy Secretary Adewale O. Adeyemo is asking lawmakers to approve a secondary sanctions tool targeted at foreign digital asset providers that facilitate illicit finance.
The crypto market’s cap is moving towards hitting the $3 trillion mark next, and its 24-hour trading volume is over $101 billion.
The crypto industry is posting significant numbers on indexes, with the crypto market’s cap approaching $3 trillion and its 24-hour trading volume standing at over $101 billion.
(With inputs from Shikha Singh)
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