Ethereum

United

Bitcoin

Monero

when

<p><strong>The United States Treasury Department has issued a warning regarding four major cryptocurrencies! Highlighting potential risks to the American financial system. This warning brings Bitcoin (BTC), Ethereum (ETH), Monero (XMR), and Tether (USDT) into focus for their involvement in illicit activities.</strong></p>
<h2 id="h-bitcoin-threatens-the-financial-stability-of-the-united-states">Bitcoin threatens the financial stability of the United States!</h2>
<p>The announcement comes amid increased scrutiny of digital asset markets by financial regulators. The U.S. Treasury Financial Stability Oversight Council’s report highlights that Bitcoin and other cryptocurrencies could <a href="https://www.cointribune.com/en/bitcoin-on-its-deathbed-will-retail-investors-come-to-the-rescue/" target="_blank" rel="noopener noreferrer nofollow">threaten the economic stability</a> of the United States. This report marks the Treasury’s first major public analysis of digital assets.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>The Treasury has identified specific risks associated with Bitcoin, Ethereum, Monero, and Tether! Notably: fraud, theft, mismanagement, and information asymmetry due to lack of transparency. Additionally, operational risks, such as frequent operational failures, market manipulation, frauds, thefts, and scams, are also emphasized.</p>
<p><a href="https://home.treasury.gov/system/files/136/CryptoAsset_EO5.pdf" target="_blank" rel="noopener noreferrer nofollow">The Treasury’s warning</a> is accompanied by recommendations for urgent action! To protect consumers, crypto investors, and businesses. U.S. regulatory agencies and law enforcement bodies are urged to closely monitor the crypto sector for any illegal activity. Furthermore, they are encouraged to vigorously pursue investigations and continue to initiate civil and criminal actions to enforce applicable laws.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://bitvavo.com/fr/affiliate/coinmedia?a=_cta" target="_blank" rel="noopener noreferrer nofollow">€20 bonus for registering on Bitvavo</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<h2 id="h-vigilance-is-essential-in-this-vast-crypto-sector">Vigilance is essential in this vast crypto sector</h2>
<p>This warning from the U.S. Treasury is a reminder that, despite the growing allure of Bitcoin and cryptocurrencies as investment assets, they remain highly speculative and unregulated instruments. Investors need to be aware of the risks! They must exercise due diligence when engaging in cryptocurrency transactions or investments.</p>
<p>The United States Treasury Department’s warning is a strong signal for Bitcoin and the crypto market. It could even lead to future regulatory changes. It underscores the importance of appropriate regulation to ensure the protection of market participants. All while allowing innovation in the <a href="https://www.cointribune.com/en/bitcoin-is-it-already-time-for-the-long-awaited-comeback/" target="_blank" rel="noopener noreferrer nofollow">digital assets</a> space.</p>

The US Treasury Wants to Eradicate the Crypto Threat!

Table of Contents

Cointribune EN

Other articles published on Jun 21, 2024

Next big memecoin: New layer-2 memecoin launches presale

Unveiling the Crypto Stars of Tomorrow: MoonBag Coin Makes a Monster 1400% Leap As SHIB Shuffles ...

SEC Likely to Face Setback in Ripple Case Appeal: Why Top Lawyers Think So

Kraken-CertiK $3M saga, zkSync airdrop wallets dumping tokens: Finance Redefined

Bear Sniper Coin Hits $103,000 Market Cap and Prepares to Skyrocket 14,000% Before KuCoin Listing

BDAG’s Presale Escalates as Bitcoin Cash and Avalanche’s Market Value Increase

Join our free newsletter for daily crypto updates!