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via Decrypt · By Decrypt Editorial

Crypto, Banks, Policy Experts Press Congress to Modernize Bank Secrecy Act

DE
Decrypt Editorial
(05:22 PM UTC)
1 min read
DK
Updated byDavid Kim
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In brief

  • TRM Labs' Ari Redbord told a House subcommittee that the Bank Secrecy Act is "structurally incapable" of keeping pace with AI-enabled financial crime.
  • The hearing came two days after Trump signed an executive order expanding BSA customer due diligence rules to flag accounts tied to undocumented immigrants.
  • Witnesses were split between full repeal, targeted reform, and modernization with…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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