“We will find you and hold you accountable”: Treasury’s warning to digital asset bad actors

Deputy Secretary of the Treasury Wally Adeyemo, speaking last week at a virtual currency summit in Washington, DC, made an urgent call to action to the digital asset industry to partner with the US Government to cut off illicit actors’ access to virtual currency exchanges. Pointing to regulatory partnerships forged over decades with traditional financial institutions, Adeyemo called on digital asset players in blunt terms to work with Treasury “to prevent terrorists, transnational criminals and rogue states” from using virtual currencies to move and shield their assets while recognizing the great potential the still relevant infant technology holds.

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