The U.S. Department of Homeland Security is investigating Anchorage, a prominent crypto bank, for potential financial crimes. This probe marks the federal agency’s increased scrutiny on the digital asset industry as regulatory pressure intensifies. While details remain limited, the investigation centers around possible violations of anti-money laundering (AML) regulations and the Bank Secrecy Act. These laws are essential in preventing illicit activities such as money laundering, fraud, and terrorism financing. 2021 was a significant year for Anchorage, becoming the first federally chartered digital bank in the country, however, this investigation signals that even regulated entities can be subject to scrutiny despite their compliance efforts. As the crypto sector continues to expand, regulators are focusing on ensuring transparency and adherence to legal requirements, especially following the collapse of several prominent crypto firms. The outcome of this probe could have significant implications for the industry’s future as it raises questions about the robustness of compliance programs within the crypto banking landscape.