Under existing law, the Treasury Secretary, in consultation with the Federal Reserve chairman, secretary of state, federal regulators and other agencies has the power to impose such restrictions on transactions. However, a public rulemaking notice must be issued alongside the restriction, and the restriction lifts after 120 days unless the Treasury Department implements a rule continuing the block after the comment period.
Related posts
-
Experts Discuss Blockchain, Crypto and Web3’s Future
The European Blockchain Convention (EBC) took over Barcelona for its 10th edition. The two-day event featured... -
New Crypto Regulations in Japan Ease Rule For Blockchain Gaming Sector
Japan’s Financial Services Agency (FSA) has announced plans to reform the country’s regulatory framework on crypto... -
Crypto Hack Losses Down In Q3 2024, Ethereum Still Most Targeted Blockchain: Report
Crypto hack and fraud-related losses decreased in Q3 2024, though Ethereum (ETH) remained the most targeted...