Treasury Department oversight refers to the supervisory authority and regulatory functions exercised by the United States Department of the Treasury over financial activities, including those related to digital assets. This involves developing policies, enforcing anti-money laundering regulations, and monitoring financial stability risks. It plays a central role in shaping the financial landscape.
Context
Treasury Department oversight of digital assets is expanding, particularly concerning illicit finance risks and the implementation of anti-money laundering and counter-terrorist financing rules. Recent guidance and enforcement actions indicate a continued focus on bringing digital asset activities under existing financial regulatory frameworks. The department’s stance significantly influences compliance obligations for businesses operating in the sector.
The proposed intermediary classification would fundamentally re-architect DeFi, mandating KYC/AML and broker-level compliance for nearly all US-facing protocols.
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