🇺🇸⚖️ According to Galaxy #Research Head Alex Thorn, the U.S. Treasury submitted a report to Congress under the GENIUS Act. The report recommends that #DeFi applications be subject to AML/CFT obligations and proposes 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. #regulation


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GateUser-6d0b045bvip
· 3h ago
Thank you for this beautiful and helpful post.
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