US Treasury Issued Then Deleted Announcement Saying New Crypto Regulatory Measures Are Incoming

cryptonews.com:

Washington said in a now-deleted announcement that it was set to change the way it regulates cryptoassets – following speculation and leaks claiming that intensified policies are on their way. Observers have responded by warning that short-term volatility may ensue in the crypto markets, with many people looking to offload assets in a forthcoming “really rough ride” for tokens.

In January, media outlets such as Bloomberg cited “sources” close to the matter as stating that the President Joe Biden administration wanted to unveil regulatory changes. But with senior lawmakers recently claiming that Russia will attempt to use crypto to evade economic sanctions, the government has faced fresh calls to police the sector.

The Treasury had initially published a press release on crypto regulation but soon removed it. While available, it stated that Biden had issued a “historic” executive order “on digital assets.” The order instructed federal agencies to report back to the government on their efforts as part of what the Treasury called a “coordinated and comprehensive approach to digital asset policy.”

The Treasury Secretary Janet Yellen was quoted as stating:

“This approach will support responsible innovation that could result in substantial benefits for the nation, consumers, and businesses. It will also address risks related to illicit finance, protecting consumers and investors, and preventing threats to the financial system and broader economy.”

The order also outlined the following measures:

The Treasury added that its international efforts were being launched as “the questions raised by digital assets often have important cross-border dimensions.”

The department added that it would “be guided by consumer and investor protection