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ARTICLE · 13 JULY 2021

FinCEN Appoints "First-Ever Chief Digital Currency Advisor"

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Today, the Financial Crimes Enforcement Network ("FinCEN") issued a press release, announcing leadership additions to FinCEN.

United StatesGovernment, Public Sector
Peter D. Hardy
Peter D. Hardy
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Today, the Financial Crimes Enforcement Network (“FinCEN”) issued a  press release, announcing leadership additions to FinCEN.   This post merely repeats that press release, without further comment or analysis — other than to make the obvious observation that we wish both of these new appointees well, and that the appointment of Ms. Korver in particular confirms that FinCEN and other regulators are (i) taking digital assets and their regulation very seriously; and (ii) implicitly acknowledging that digital assets are a fact of life now for the U.S. and global financial system.  Given the many demands placed upon FinCEN by the AML Act and other developments, this announcement presumably will not be the last regarding important staffing changes for FinCEN.

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