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Expert Analysis

Takeaways From Regulators' Digital Asset Custody Statement

By Brian Korn (July 25, 2019, 3:12 PM EDT) -- In a White House news conference Monday, July 15, U.S. Treasury Secretary Steven Mnuchin expressed serious concerns about cryptocurrency and digital investments and raised national security implications of large technology companies creating their own coin. On July 11, President Donald Trump tweeted, "I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity … ."...

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