The US Treasury Department’s suggested regulations for the burgeoning cryptocurrency industry have met with strong opposition from Republican lawmaker, Rep. Tom Emmer (R-Minn.). What Happened: As reported by The Block, the Treasury Department has proposed to Congress the introduction of new sanctions tools, and has pushed for a bolstering of its authority over dollar-based stablecoins. These recommendations were met with disapproval from Rep. Emmer, a member of the House Financial Services Committee, during Thursday’s Blockchain Association Policy Summit. Emmer voiced his apprehensions about t…

Read More