Gate News: On March 8, the U.S. Department of the Treasury submitted a report to Congress under the GENIUS Act, recommending that DeFi be explicitly required to comply with anti-money laundering and counter-terrorism financing (AML/CFT) obligations. The report also suggests considering the establishment of a “hold law” mechanism for digital assets, allowing institutions to temporarily freeze assets during investigations of suspicious transactions without a court order. Additionally, the report reveals that the scale of crypto crimes continues to grow, with FBI records showing $9 billion in crypto scam losses in 2024.
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