Coinbase Calls for US Government to Leverage Blockchain & AI to Combat Crypto Crime

Crypto exchange Coinbase has urged the US government to embrace blockchain technology and artificial intelligence (AI) in its fight against financial crime within the cryptocurrency space. In a letter to Treasury, Coinbase’s chief legal officer Paul Grewal argues that money laundering schemes have become increasingly sophisticated with the help of advanced technologies. He calls for policymakers to leverage innovative tools like AI, APIs, and blockchain analytics to counter these risks effectively. This comes in response to a Treasury request on how best to deter illicit activity in crypto.