List of Flash News about Senator Lujan Quintenz
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2025-06-10 20:23 |
Senator Lujan Questions Quintenz on AML/KYC Enforcement for Crypto Firms—CFTC and FinCEN Compliance in Focus
According to Eleanor Terrett, Senator Lujan questioned Quintenz on how he would enforce AML and KYC regulations for cryptocurrency firms if confirmed, highlighting concerns over the DOJ's reduced enforcement efforts. Quintenz clarified that entities regulated by the CFTC are required to follow FinCEN rules, suggesting that crypto intermediaries would remain subject to strict compliance standards. For traders, this signals ongoing regulatory oversight for crypto platforms under CFTC and FinCEN, which may impact exchange listing practices and user verification processes (Source: Eleanor Terrett on Twitter, June 10, 2025). |