Trump administration Treasury Secretary, Steven Terner Mnuchin, in a recent interview, largely about US tax code and proposed cuts, gave his first public comments regarding bitcoin.
Treasury is Looking at Bitcoin Very Carefully
Moth to flame? Bear to honey? More money, more problems? Pick your analogy, but bitcoin’s otherworldly prices are attracting a lot of attention, and not all of it good. If bitcoin were a company, the US Treasury’s regulatory radar is just about the last blip any company would want.
“The market cap has now surpassed 100 billion dollars. People are calling it a currency. They’re using it as a currency,” began Yahoo Finance Markets Correspondent, Nicole Sinclair, on 9 November 2017, “What are your thoughts on bitcoin? And does the government plan to regulate it?” […]