Deputy U.S. Treasury Secretary, Wally Adeyemo, delivered a speech at the Blockchain Association's Policy Summit in D.C. In his remarks, Adeyemo warned "bad actors" in the crypto industry that they will be held accountable for their actions. He emphasized the need for the digital asset industry to adhere to the law and not aid criminals or rogue states. Adeyemo also mentioned the U.S. Treasury Department's recent sanctions on a crypto mixer supported by the North Korean government and highlighted the government's commitment to accountability by referencing the case of Binance's founder. The U.S. government has been taking measures to crack down on illicit activities in the crypto industry, with the Senate and House holding hearings on the subject. Adeyemo concluded by stating that these actions aim to curb illicit finances and promote responsible innovation in the industry.
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