Similar Stories to How The Biden Administration Is Approaching Crypto Regulations on Bing News

David Riggs, TechCrunch
Fri, 03/05/2021 - 2:25pm

Leigh Cuen Contributor Share on Twitter Leigh Cuen is a reporter in New York City. Her work has been published by Vice, Business Insider, Newsweek, Teen Vogue, Al Jazeera English, The Jerusalem Post, and many others. Follow her on Instagram at @leighcuen. More posts by this contributor Meet the entrepreneurs bringing bitcoin to institutions How emerging markets are approaching crypto It’s hard to imagine a worse scenario than the one left behind by former Treasury Secretary Steven Mnuchin.  The draconian regulatory proposals were Mnuchin’s own personal vendetta, according to Bitcoin veterans like Square Crypto developer Matt Corallo and Coin Center director Jerry Brito, and it’s too soon to say whether incoming Treasury Secretary Janet Yellen will approve the proposed know-your-customer standards or reject them.  Given the chaos created by the Trump administration, bitcoin fans are anxiously optimistic about how regulators will approach the cryptocurrency space during President Joe Biden’s administration.    “Mnuchin at the very end had an alarmist view about the illicit use of cryptocurrency that wasn’t shared by law enforcement and intelligence agencies.

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