[One of my supporters, who uses Crypto a lot, sent me this note. This is concerning. Some of the super rich have themselves been secretly diving into crypto.
Here is what my supporter wrote:
Treasury Secretary Confirms Crypto Crackdown: Last year, after Libra launched, Steven Mnuchin, the Secretary of the U.S. Treasury, said that cryptocurrencies pose a “risk to the financial system” and are a “national security issue.” It seems that Mnuchin has begun to respond to the rising threat. Speaking during a hearing held by the Senate Finance Committee, Munchin said that the Financial Crimes Enforcement Network (FinCEN) branch of the Treasury will soon roll out “significant new requirements” for cryptocurrencies and the respective providers of Bitcoin trading and so on and so forth. He did not expand on these comments, though a recent budget proposal from the White House indicated that a crackdown is coming regarding crypto’s use in money laundering and terrorist financing.