President Biden freezes FinCEN’s proposed crypto pockets rules
One of many first actions President Joe Biden has taken on his first day in workplace is to freeze Federal regulatory course of, together with the controversial self-hosted crypto pockets rules proposed by former Treasury Secretary Steven Mnuchin.
The announcement got here in a White Home memorandum for the heads of assorted federal businesses, the Monetary Crimes Enforcement Community (FinCEN) included. The edict doesn’t specify the crypto pockets proposal, however locations a basic freeze on all company rulemaking pending evaluate, efficient for 60 days from the date of the memorandum.
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