Coinbase Challenges US Treasury on Outdated AML Rules for Cryptocurrencies

Coinbase has escalated its push against outdated U.S. regulations governing cryptocurrency, urging the Treasury Department to adopt AI-driven compliance tools and explore regulatory sandboxes. The company believes existing AML rules are inadequate for the rapidly evolving crypto landscape. This challenge could significantly impact market dynamics by enhancing enforcement through blockchain transparency and potentially accelerating the growth of America’s crypto industry.