During a recent House hearing, Brian Nelson emphasized the need for increased authority to hold firms like Binance accountable. As a representative of an agency, he acknowledged their current jurisdiction but stressed the importance of additional powers. Nelson’s statement conveyed that while the agency possesses some authority to address issues with firms such as Binance, it falls short of what is necessary to effectively regulate them. This highlights a call for more robust powers to ensure accountability and oversight in the cryptocurrency industry.
HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinUS Treasury Official Urges Congress to Strengthen Powers in Fighting Cryptocurrency Crime