TechFlow news: Warren Davidson, Vice Chairman of the House Financial Services Committee's Subcommittee on Digital Assets, Financial Technology, and Inclusion, rejected the U.S. Department of Treasury's policy recommendations on digital assets, stating that the proposals attempt to effectively ban digital asset usage in the United States through burdensome and entirely unworkable compliance requirements.
"This is exploiting others' ignorance, trying to effectively ban digital assets in the U.S. through the back door by imposing heavy and completely unfeasible compliance burdens," he said.
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