Are Regulations Finally Coming For Cryptocurrency? Read Steven Mnuchin’s Latest Statements – The XRP Daily

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Are Regulations Finally Coming For Cryptocurrency? Read Steven Mnuchin’s Latest Statements – The XRP Daily


This morning at a Senate Budget hearing Steven Mnuchin gave a testimony and makes some very exciting statements regarding “significant new requirements” that the FINCEN is working on for Cryptocurrency. Credit goes to @xrp_hodl_ for capturing a recorded video of the live hearing.

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As you can see from the tweet, he also does mention that we will be seeing it come out “very quickly”. One could speculate that because many large cryptocurrency companies are planning to IPO in the U.S. stock markets like Bitmain and Ripple. Perhaps the U.S. wants to be ahead of China when it comes to digital currency innovation.

Mnuchin stated that they want to make sure that the technology moves forward, but at the same time they need make sure bad actors are not using cryptocurrency for illicit activity.

Proper regulatory infrastructure for cryptocurrency may be close.





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XRP vi.be Editor
XRP vi.be Editor
Editor at XRPvi.be, gathering information and insights about Ripple, XRP and related things from around the internet. Opinions deriving from any content do not represent ours. All content copyrights are with the original creators and holders. By clicking on the 'source' link you can visit the originating place of the content.

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