FinCEN backs down on midnight rulemaking

We discuss FinCEN extending the comment period in its crypto rule making, which is a bit of a victory, though we’re not out of the woods yet. We also discuss crypto in the NDAA and Gary Gensler appointed to chair the SEC.

• FinCEN Extends Comment Period for Rule Aimed at Closing Anti-Money Laundering Regulatory Gaps for Certain Convertible Virtual Currency and Digital Asset Transactions
• Coin Center files second comment in FinCEN rulemaking challenging its authority to make the surveillance rule
• What Does the 2021 NDAA Mean for Cryptocurrency?
• Gary Gensler Is Picked to Lead S.E.C.