The Treasury Department has issued an order ramping up surveillance of financial transactions worth as little as $200 that are processed by businesses in communities along the U.S. southwest border, prompting hand wringing among privacy advocates—including within the cryptocurrency industry.
Questions have abounded over whether the directive could be broadly applied beyond cash to crypto transactions as well. But experts told Decrypt digital asset owners shouldn’t be alarmed. Although the order raises concerns over Americans’ financial privacy rights, it doesn’t apply to people sending and receiving digital assets through platforms such as Coinbase.
“There are crypto firms that are licensed and treated as money services…
Apr 19 2025
