Steven Mnuchin, the United States’ (US) Treasury Secretary, gave a testimony to the Senate that more US cryptocurrency regulations are being formulated for cryptocurrency to increase transparency. It is without double that transparency regulations are vital in the cryptocurrency world. However, Steven’s announcement of transparency isn’t an unprecedented revelation, media revealed. Last year, Steven pointed out cryptocurrencies’ involvement in illegal acts such as tax evasion, human trafficking, and others to the effect, even though this has been known since 2012. Although vague and conflicting, more and more regulations regarding cryptocurrencies have been issued at the state and federal levels. State
