Coinbase CEO Paul Grewal advocates for updates to the Bank Secrecy Act and digital ID rules, emphasizing the need for robust financial crime detection tools. He calls on the government to adopt modern regulations that leverage AI for improved anti-money laundering, while also pushing for greater transparency in data sharing and access through APIs and digital IDs. His proposals focus on enhancing transaction screening using blockchain analysis and customer identification verification with decentralized IDs and zero-knowledge proofs. Grewal argues that these changes will not only improve compliance but also bolster national security by enabling the government to stay ahead of evolving financial crime strategies.