The wallet rule proposed by FinCEN is open for one more day of comment as “Government officials cannot count to 15”.

The U.S. Treasury Department may inadvertently widen the window of opportunity for anyone interested in commenting on the Financial Crime Control Network’s new cryptocurrency laws.

Last month, the Financial Crime Control Network (FinCEN) proposed rules requiring registered cryptocurrency exchanges to verify the identity of anyone using “an unguarded or otherwise covered wallet” to transact USD. 3,000. At that point, the regulator stated that interested parties would have 15 days to respond with comments and later clarified that the filing deadline would end on January 4th.

However, according to Regulations.gov, the website responsible for accepting comments on FinCEN’s bill, cryptocurrency users have until tomorrow, Jan. 7, at 11:59 p.m. ET to respond. This means that FinCEN may have submitted its proposal on December 23rd rather than December 20th as previously reported.

The wallet rule proposed by FinCEN is open for one more day of comment as “Government officials cannot count to 15”.
The wallet rule proposed by FinCEN is open for one more day of comment as “Government officials cannot count to 15”.

“This is a bloody show,” said Dayton Young, product director for Fight for the Future. a Massachusetts-based digital rights group. “FinCEN has postponed the comment deadline for its latest proposal on crypto surveillance […] because government officials can’t count to 15. “

The group encouraged people to speak out against the proposed rule. claims FinCEN was trying to “ram through this dangerous new surveillance agency”.

When FinCEN announced the new rule, many argued that the timeframe for submitting comments was insufficient. Young suggested that the regulator extend the comment period to 60 days. Coinbase’s Chief Legal Officer, Paul Grewal also spoke out in favor of a 60-day comment period, given the holidays and the ongoing pandemic.

As of this writing, Regulation.gov continues to accept comments beyond Monday’s deadline. However, it is unclear whether comments received between January 5th and 7th will be considered valid. Cointelegraph reached out to FinCEN but received no response at the time this story was published.

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