if we wish to prevent crypto assets from being used for ransomware, if we wish to prevent wash trades and other market manipulation, is there any alternative to having every crypto transaction ultimately associated with a traceable legal identity issued by a country with which we have extradition treaties?
Foster questions the necessity of traceable identities for crypto transactions to prevent misuse.
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I guess when things are going well, as they currently are, it is all of our duties to look around the curve and see the risks that keep you up at night.
I thank Chair Waters for yielding. Mr. Chair, I rise in opposition to this bill. I am encouraged by the dialogue and collaboration that has taken place between the House Financial Services Committee and the House Ag Committee on this bill…
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