Galaxy warns Senate crypto bill gives US Treasury massive surveillance power

Galaxy Digital has raised concerns about a proposed Senate bill that could grant the U.S. Treasury extensive surveillance powers over the cryptocurrency industry. The firm argues that the legislation could lead to overreach and infringe on privacy rights, potentially stifling innovation in the sector. Galaxy emphasizes the importance of balancing regulatory oversight with the need for a thriving crypto ecosystem. The bill is part of ongoing efforts to regulate digital assets, but critics warn it may impose excessive restrictions.

Read the full article: Coin Telegraph