RE:RE:RE:US Treasury cracked down Kristin Smith, executive director of the Blockchain Association has dismissed fears that the United States Department of the Treasury was close to cracking down on Bitcoin (BTC) and cryptocurrencies.
Indeed, rumors of the Treasury bringing money laundering charges against some financial institutions using cryptocurrencies began circulating on social media over the weekend.
Earlier in April, prominent organizations in the cryptocurrency space like Coinbase and Square announced a new lobbying initiative dubbed the Crypto Council for Innovation. Apart from the Blockchain Association, other groups like Coin Center are also pushing for sensible digital currency regulations in America.
For Smith, events such as the Coinbase listing on Nasdaq offer proof of the growing market validation for the crypto industry, a phenomenon that authorities in Washington can hardly overlook.