Wu learned that Galaxy Research has published an article stating that the "$28 billion cryptocurrency illegal transaction" reported by The New York Times and ICIJ is severely distorted, lacks scale comparison, and ignores the larger money laundering problem in the traditional financial system. Galaxy pointed out that $28 billion only accounts for 0.52% of the total inflow of BTC, ETH, USDC, and USDT exchanges since 2024, and can be almost ignored in the total inflow of $5.3 trillion. In 2024, the volume of illegal cryptocurrency transactions will only account for 0.14% -0.4% of on chain transactions and continue to decline, far below the estimated annual money laundering scale of $800 billion - $2 trillion in traditional finance by the United Nations. Galaxy emphasizes that on chain transparency makes it easier to track illegal activities, and ICIJ's ability to conduct investigations is due to its "publicly accessible encryption". Meanwhile, stablecoins have become the most heavily regulated digital currencies under the GENIUS Act and MiCA. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=52395