Andreessen Horowitz's Katherine Haun versus FinCEN Rules
A16z protests against tight regulation of cryptocurrencies in the US. A post about this appeared on the blog of Andreessen Horowitz general partner Kathryn Haun
The post said that FinCEN issued a hasty rule that violates government-established rule-making procedures. In addition, the regulator provided in fact only 6 business days for comments.
Also, the FinCEN decision violates the fourth amendment to the constitution. The regulator gives the green light to violations of the Bank Secrecy Act. It is unacceptable.
Earlier we wrote that a representative of Square contacted FinCEN with a similar comment. We hope that this will have positive dynamics.