Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, the US Congress is moving to update anti–money laundering rules by raising decades-old reporting thresholds. Hong Kong has joined Canada, Brazil and Kazakhstan in approving a spot Solana ETF, while Tether’s USDT stablecoin has reportedly reached 500 million users worldwide.
A group of US senators led by Senate Banking Committee Chair Tim Scott (R-S.C.) has introduced legislation to modernize the Bank Secrecy Act, the foundation of the country’s Anti-Money Laundering (AML) framework.
The Bank Secrecy Act, passed in 1970, obliges banks, credit unions, and other financial institutions to help federal authorities detect and prevent financial crimes, including money laundering, terrorist financing, and related illicit activity.
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