The Treasury Secretary already has this power in limited quantities. Under existing law, the regulator, in consultation with the Federal Reserve Chair, Secretary of State, federal regulators and other agencies can impose these restrictions on transactions. However, a public rulemaking notice must be issued alongside the restriction, and the restriction will lift after 120 days unless the Treasury Department implements a rule continuing the block after the comment period.
Related posts
-
Trump Plans to Name Pro-Crypto Hedge Fund Manager Scott Bessent as Treasury Secretary
“I have been excited about embrace of crypto and I think it fits very well with... -
Australia Seeks Public Input on Crypto Tax Reporting
The Australian Treasury has invited public feedback on implementing... -
How Crypto Is Changing Online Gambling and Betospin Leads the Way
As online gambling is evolving, cryptocurrencies have come into...