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Podcast: Unchained
Episode: Why Is the Proposed FinCEN Rule for Unhosted Wallets Being Pushed So Quickly?
Description: Jeremy Allaire of Circle Pay and Kristin Smith of the Blockchain Association explain the impact of and motivation behind Treasury Secretary Steve Mnuchinās proposed FinCEN rule that targets āunhostedā wallets. In this episode, they cover: what the new FinCEN rule says, and how it would impact unhosted or self-hosted wallets, as well as crypto businesses why they believe this is really politically motivated and unilateral midnight rule making by Secretary MnuchinĀ what other bureaucrats and policymakers think should be done insteadĀ whether the rule only affects businesses rather than individualsĀ what information will be recorded according to the rule...