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US Treasury requests secondary sanctions regime

Speaking at the 2023 Blockchain Association’s Policy Summit, US Treasury Undersecretary Wally Adeyemo said that the department had “provided Congress a set of common-sense recommendations to expand our authorities and broaden our tools and resources to go after illicit actors in the digital asset space.”

Adeyemo revealed: “We are calling on Congress to create a secondary sanction regime that will not only cut off a firm from the US financial system, but will also expose any firm that continu...

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