Vice President Kamala Harris is considering Wally Adeyemo for Treasury Secretary, stirring debate in the cryptocurrency community.
Kamala Harris is considering nominating Wally Adeyemo, who opposes the cryptocurrency industry, as Treasury Secretary if she becomes president, raising concerns about future crypto regulation in the US.
GOP senators argue the Biden administration is making cryptocurrency a scapegoat for illicit financing, as discussed in a Senate Banking Committee where Treasury's Wally Adeyemo sought more regulatory power.
Lawmakers call for new crypto regulations, with Deputy Treasury Secretary asking for tools to counter illicit crypto financing.
US Treasury Deputy Secretary, Wally Adeyemo, calls on Congress to supply regulatory instruments to counteract cryptocurrency-related illicit finance.
The US Treasury calls for enhanced regulation of international crypto transactions to improve national security and prevent misuse by criminals.
