Representative French Hill has voiced concerns regarding certain provisions in a bill that seeks to amend the Bank Secrecy Act. He argues that these requirements would be impractical to enforce on cryptocurrency miners and validators. Hill suggests that the unique nature of crypto mining and validation processes makes it difficult to apply traditional regulations to these activities. His challenge highlights the need for careful consideration and tailored regulations when it comes to the cryptocurrency industry.
HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinUS Lawmaker Criticizes Elizabeth Warren's Bill for Failing to Stop Crypto-Linked Terrorist...