In its latest comment, the advocacy group goes after the proposed requirement to create currency transaction reports for crypto transactions.
After the US Treasury Department extended the comment period for anyone to express their thoughts on a proposed crypto rule, non-profit crypto policy advocate group Coin Center has made another — and possibly final — argument to regulators.
Coin Center directed its comment to the Financial Crimes Enforcement Network, or FinCEN, over proposed rules that would require registered crypto exchanges in the US to verify the identity of people using "an unhosted or otherwise covered wallet" for a transaction of more than $3,000 and report on all crypto transactions of more than $10,000.