September 19, 2022

U.S. Treasury Seeks Comment on Crypto’s Illicit Finance Risks

Featuring Alex Zerden

Source: The Wall Street Journal

Journalist Mengqi Sun

Various stakeholders, including crypto industry advocates, members of civil society, traditional financial institutions and crypto firms, are expected to provide comments, according to Alex Zerden, the principal of financial technology and risk advisory firm Capitol Peak Strategies LLC.

“This [commentary process] shows the Treasury is taking public engagement very seriously…from the lens of risk, as opposed to the one of risk and opportunity,” Mr. Zerden, a former Treasury official in the Obama and Trump administrations, said. He added that it would eventually be up to the Treasury in determining how to incorporate the comments it receives into its policy-making process.

Read the full story and more from The Wall Street Journal.

Authors

  • Alex Zerden

    Adjunct Senior Fellow, Energy, Economics, and Security Program, Founder and Principal, Capitol Peak Strategies LLC

    Alex Zerden is the founder and principal of Capital Peak Strategies LLC, a FinTech, digital asset, and emerging technologies advisory firm. As a regulatory lawyer, economic po...