Rep. Budd Amendment Would Eliminate Anti-Crypto Provision in COMPETES Act
January 28, 2022
January 28, 2022
WASHINGTON, Jan. 28 -- Rep. Ted Budd, R-North Carolina, issued the following news release on Jan. 27, 2022:
Rep. Ted Budd (R-NC) has proposed an amendment to the America COMPETES Act that would eliminate a provision that gives the Treasury Department unilateral power to prohibit any financial transactions it considers a "concern" without a formal rulemaking process or limitations.
Rep. Budd said in a statement:
"The Treasury Department should . . .
Rep. Ted Budd (R-NC) has proposed an amendment to the America COMPETES Act that would eliminate a provision that gives the Treasury Department unilateral power to prohibit any financial transactions it considers a "concern" without a formal rulemaking process or limitations.
Rep. Budd said in a statement:
"The Treasury Department should . . .