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

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.

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