DEF Comments on FinCEN’s CVC’s Rule-Making; Senators Introduce Legislation to Combat Illicit DeFi Activity; SEC’s Token Embodiment Argument In Its Case Against Binance Case
DEF Comments on FinCEN’s CVC’s Rule-Making; Senators Introduce Legislation to Combat Illicit DeFi Activity; SEC’s Token Embodiment Argument In Its Case Against Binance Case
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DEF Comments on FinCEN’s CVC’s Rule-Making What Happened? Last Monday, we submitted a comment letter to the Financial Crimes Enforcement Network (FinCEN) in response to their proposed rulemaking, titled “Proposal of Special Measure Regarding Convertible Virtual Currency Mixing, as a Class Of Transactions of Primary Money Laundering Concern.” While we support FinCEN’s goal of creating policy that will prevent illicit activity and support maintaining a safe and secure ecosystem, we believe the proposed rule will, at best, only minimally achieve its stated goals and come at a high cost.
DEF Comments on FinCEN’s CVC’s Rule-Making; Senators Introduce Legislation to Combat Illicit DeFi Activity; SEC’s Token Embodiment Argument In Its Case Against Binance Case
DEF Comments on FinCEN’s CVC’s Rule-Making…
DEF Comments on FinCEN’s CVC’s Rule-Making; Senators Introduce Legislation to Combat Illicit DeFi Activity; SEC’s Token Embodiment Argument In Its Case Against Binance Case
DEF Comments on FinCEN’s CVC’s Rule-Making What Happened? Last Monday, we submitted a comment letter to the Financial Crimes Enforcement Network (FinCEN) in response to their proposed rulemaking, titled “Proposal of Special Measure Regarding Convertible Virtual Currency Mixing, as a Class Of Transactions of Primary Money Laundering Concern.” While we support FinCEN’s goal of creating policy that will prevent illicit activity and support maintaining a safe and secure ecosystem, we believe the proposed rule will, at best, only minimally achieve its stated goals and come at a high cost.