KrakenrecentlywarnedofthedeficienciesinaproposedU.S.governmentrulemaking.Today,Krakenispublishingitsofficialresponse.
KrakenbelievestheproposedrulewouldbebadforAmericaandfortheworld.Itwouldbeasubstantialdeparturefromexistinglaw.Itwouldrequireenormousongoingexpenditureofresourcesbyexchanges.
Itwouldcutoffthepoorfromcriticalmoneyflows.Itfailstoconsidereventhemostbasiccostsortimingofimplementation.Itvirtuallyguaranteesthattheevidenceavailabletolawenforcementtodaywillbeplacedoutsidetheirreachtomorrow.
Youcanreaditinfullbelow.Pleaseconsidersubmittingyourowncomment,evenifitisbrief,tothegovernment.
Youcandosoquicklyandeasilyonlinehere.
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