President Biden freezes FinCEN's proposed crypto wallet regulations
Cointelegraph
Published Jan 20, 2021 10:11PM ET
Updated Jan 21, 2021 12:00AM ET
One of the first actions President Joe Biden has taken on his first day in office is to freeze Federal regulatory process, including the controversial self-hosted crypto wallet regulations proposed by former Treasury Secretary Steven Mnuchin.
The announcement came in a White House memorandum for the heads of various federal agencies, the Financial Crimes Enforcement Network (FinCEN) included. The edict doesn’t specify the crypto wallet proposal, but places a general freeze on all agency rulemaking pending review, effective for 60 days from the date of the memorandum.
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Written By: Cointelegraph
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