X @Wu Blockchain

According to Galaxy Research Head Alex Thorn, the U.S. Treasury submitted a report to Congress under the GENIUS Act recommending that DeFi applications be subject to AML/CFT obligations and proposing a digital asset “hold law” safe harbor, allowing institutions to temporarily freeze suspicious funds during investigations without a court order. The report also noted rising crypto-related crime, with the FBI recording about $9 billion in crypto fraud losses in 2024.https://t.co/5bU4MEEFCT ...