Industry Collaboration & Compliance - Poloniex becomes a founding member of TRM Labs' Beacon Network, aiming to combat illicit finance in real time [1] - The Beacon Network is a global initiative focused on strengthening cross-border cooperation and compliance standards within the digital asset ecosystem [1] - The initiative involves collaboration from various industry players including Coinbase, Binance, PayPal, Robinhood, Stripe, Kraken, Ripple, Crypto.com, Zodia Custody, Blockchain, Anchorage, Bitfinex, HTX Global, OKX, LFJ_gg and 1inch [1] Security & Ecosystem - The industry emphasizes the importance of building a safer digital asset ecosystem through enhanced cooperation and compliance [1] - TRM Labs' Beacon Network aims to unite the industry to prevent illicit finance [1]

🔥 LATEST: U.S. Senators Tim Scott, Cynthia Lummis, Bill Hagerty, and Bernie Moreno release long-awaited crypto market structure draft covering token classification, banking operations, disclosures, and illicit finance. https://t.co/LpG5R6RISc ...