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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
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…
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