Congressman Warren Davidson Rails Against Treasury’s ‘Red Herring Arguments’ On Crypto

Congressman Warren Davidson Rails Against Treasury’s ‘Red Herring Arguments’ On Crypto

Warren Davidson, Vice Chairman of the Subcommittee on Digital Assets, Financial Technology, and Inclusion of the House Financial Services Committee, has rejected the policy suggestions made by the U.S. Treasury on crypto assets, stating these seek to ban digital assets in the U.S. using unworkable compliance requirements as tools for this task.
Warren Davidson Qualifies U.S. Treasury’s Crypto Policy Proposals as ‘Dishonest’
Warren Davidson, Vice Chairman of the Subcommittee on Digital Assets, Financial Technology, and Inclusion of the House Financial Services Committee, rejected the policies presented by the U.S. Treasury to regulate crypto assets. In a recent opinion post titled “Setting the record straight and debunking unworkable illicit finance proposals,” Davidson explains that these suggestions, very similar to the proposals presented by Sen. Elizabeth Warren, seek to disarm the cryptocurrency industry in the U.S.
The suggested policies would classify wallet providers,

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