More crypto powers, please

If there is one thing Congress can get done, it’s a crypto hearing. 

The Treasury Department’s number two guy — Deputy Secretary Wally Adeyemo — faced the Senate Banking Committee yesterday to discuss keeping money out of illicit actors’ pockets. 

Crypto, of course, was a main topic of conversation. 

The hearing only lasted 90 minutes. Or, in other words, it ended as soon as it started, as far as Congressional gatherings go. 

Adeyemo began with a plea, asking for Congress to give his agency power to oversee more of the crypto ecosystem, namely through additional secondary sanctions tools and laws that make dealing with crypto actors overseas…

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