Deputy Secretary of the Treasury speaks on multiple banking matters

Deputy Secretary of the Treasury Wally Adeyemo gave the Senate Banking Committee an update on Banking, Housing, and Urban Affairs.

Adeyemo has been a vocal advocate of increasing the regulatory powers of the United States Treasury and their impact on domestic financial affairs.

Adeyemo gives an update to the Senate Banking Committee

The Deputy Secretary said in front of the Senate Banking Committee “I am here today because we need additional tools to protect the American people.”

Adeyemo would continue that “we(The Treasury) take steps to cut terrorist groups and other malign actors off from the traditional financial system, we are concerned about the ways these actors are using cryptocurrencies to try

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