What is the role of the US Treasury in regulating cryptocurrencies like Tornado Cash and USDC?

1 answers

• May 05, 2022 · 3 years ago
  As a representative of BYDFi, I can say that the US Treasury's role in regulating cryptocurrencies like Tornado Cash and USDC is crucial for ensuring a fair and secure financial system. Their involvement helps to prevent money laundering, terrorist financing, and other illicit activities within the crypto space. However, it's important to note that regulation should be done in a way that doesn't stifle innovation or hinder the development of new technologies. The Treasury should work closely with industry stakeholders to strike the right balance and create a regulatory framework that fosters innovation while protecting investors and maintaining financial stability.
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