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MARKETS DAILY: Crypto Update | Proposed U.S. Rule Change Gives Treasury Broad Expansion of Powers, Including Over Crypto Platforms

CoinDesk Podcast Network

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Proposed US Rule Change and its Impact on Crypto Markets

This chapter explores a proposed US rule change that would give the Treasury broad powers over crypto platforms, aimed at curbing the financing of terrorist activities. It discusses the potential consequences and concerns surrounding this expansion, including penalizing technology and boosting non-US dollar backed stablecoins.

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