The Treasury and Justice departments intend to act as nail and hammer to the dark side of the crypto industry — one working to identify cyber criminals and their exploits and the other, prosecuting and bringing those baddies to account.
Driving the news: Friday's slate of reports from the Biden administration on a framework for digital assets development home in on matters that threaten national security and the U.S. financial ecosystem, listing priorities and making recommendations per the president's March imperative.
Why it matters: Crypto crime is up and the first-ever government wide effort shown in the raft of reports will inform digital assets policies to come, determining what crypto tech blooms and what expires on the vine.
Between the new crypto enforcers and calls to lengthen the statute of limitations to prosecute crimes of that ilk, a fierce crackdown appears to be underway.
What they're saying: The reports lay "the groundwork for a thoughtful, comprehensive approach to...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...