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19 April 2021

Crypto lobby groups are gaining traction in Washington as the threat of regulatory bottleneck looms

Crypto lobby groups are gaining traction in Washington as the threat of regulatory bottleneck looms


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Kristin Smith, the group’s executive director, told Bloomberg that her members are extremely concerned about federal regulators clamping down on the industry over misplaced fears.

Smith was commenting on recent proposals by the Financial Action Task Force and Treasury Department to increase surveillance of the cryptocurrency market over concerns about money laundering and other illicit activities.

Despite concerns about sweeping government regulations, the threat of an outright ban on digital assets is long gone, according to billionaire investor Tyler Winklevoss.

Digital assets have re-entered public discourse over the past six months as Bitcoin (BTC) charted new all-time highs and major institutions like Morgan Stanley and MassMutual got involved

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