Major U.S crypto companies Coinbase, Square, and Andreessen Horowitz have joined hands to fight the new AML regulations introduced by FinCEN, arguing that these restrictions could push users away from standardized platforms and choke innovation. FinCEN Midnight Crypto Rulemaking FinCEN, which works under Steven Mnuchin’s Department of the Treasury, proposed a recommended regulation in late December
Coinbase, Square, and Andreessen Horowitz Slam FinCEN’s Proposed Crypto Laws [btcmanager]
