Coinbase Urges U.S. to Modernize Financial Crime Framework

[etfs]

Coinbase is calling on the U.S. Treasury to adopt AI, blockchain analytics, and APIs to fight illicit finance.
In a letter by CLO Paul Grewal, the exchange said law enforcement must “follow suit” as criminals use advanced tech for laundering.
Coinbase argues modern tools can help achieve the Anti-Money Laundering Act of 2020’s goal to modernize the Bank Secrecy Act and strengthen compliance through innovation.

[kelson10]

Updating outdated AML laws could make enforcement far more effective in digital markets.

[alex10]

A modernized framework would help regulators keep pace with DeFi and AI-driven finance.