The U.S. Treasury Secretary- Mnuchin, made it clear regarding his awareness of Bitcoin, cryptocurrencies, Libra and the issues they pose to society and traditional finance. Mnuchin claims that Bitcoin and other decentralized digital assets lead to criminal activities that include tax evasion, extortion, ransomware, sale of illicit drugs, and human trafficking. Keeping this in mind he gave the statement, “national security issue”. He further adds that companies dealing with these parts have to follow the rules that many traditional financial institutions don't follow.