Originally published at: https://www.channel-sea.cc/house-bill-could-let-treasury-secretary-block-international-crypto-transactions-coindesk/
The crypto industry is sounding the alarm at the possibility that the U.S. will be empowering the Treasury Department to make arbitrary decisions about whether to allow financial transactions – including cryptocurrency transactions across borders. A provision in the America COMPETES Act, a bill introduced to the U.S. House of Representatives earlier this week, would…