with no name or physical address, and others were concerned about burdensome compliance requirements.
He echoed broader industry concerns about the 15-day public comment period FinCEN provided for input. It is customary for U.S. regulatory agencies to give the public at least 30 and usually closer to 90 days to comment on proposed rule changes. The rule appears again in a Dec. 22, 2020 email sent to Mnuchin, Keith Abouchar, who appears to be a staffer for Rep. Steny Hoyer and the Biden transition team. While the “from” field is redacted, this email contains aThe proposed rule appeared rushed, could prevent broader adoption of crypto and wouldn’t allow for cash-like transactions due to the privacy implications, the email said.
Increasingly frantic email exchanges highlight the complexity that went into this unprecedented gathering of high-ranking government officials from the Treasury, FinCEN, the FBI and other agencies, who met face-to-face with a gaggle of crypto bigwigs from firms like Coinbase, Xapo, Square and Fidelity.that the meeting happened but didn’t provide any details about who was involved.
When it came to Dorsey himself, a couple of special requests were relayed over by his team. First, some additional guests were asked for, because word had got out that other delegates had been granted that courtesy.
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