President Trump’s Treasury Secretary, Steve Mnuchin has said they are looking “very carefully” at Bitcoin (Bitcoin). Speaking to Yahoo Finance, Mnuchin said he is primarily concerned about its use for illicit purposes.
“It’s something we are looking at very carefully and will continue to look at,” Mnuchin said.
“The first issue and the most important issue is to make sure that people can’t use Bitcoin for illicit activities,” he added.
“So we want to make sure that you don’t have the dark web funded in Bitcoins. And that’s something that is a concern of ours today,” the Treasury Secretary said.
Asked about a timetable for possible government regulation of Bitcoin, he said: “There’s nothing specific.”
“But we do have working-groups that are looking at this. And, again, Bitcoin is something we’ll be watching very carefully,” Mnuchin stated.