U.S. government agencies seek millions of dollars in additional funding to support cryptocurrency enforcement efforts

According to The Block, U.S. President Donald Trump released a $ 4.8 trillion budget proposal for fiscal year 2021 on Monday. Budget documents show federal agencies, including the U.S. Department of Justice and the Treasury Department, are seeking additional millions of dollars to support their surveillance and enforcement of cryptocurrencies. According to the documents, agencies under the IRS hope to receive $ 40.54 million to support it in hiring 108 agents to conduct more criminal investigations related to the internet and virtual currencies. The US Office of Foreign Assets Control is recruiting four full-time employees and an additional $ 812,000 to recruit "virtual currency investigators." The Financial Crimes Enforcement Network (FinCEN) is seeking $ 819,000 and three full-time employees to support the "Build FinCEN's Virtual Currency and Cyber ​​Threat Mitigation Program."