According to Wu Blockchain, Galaxy Research's head of research Alex Thorn revealed that the U.S. Treasury has submitted a report to Congress under the GENIUS Act. The report recommends clarifying that DeFi should bear anti-money laundering and counter-terrorism financing (AML/CFT) obligations. It also suggests establishing a 'hold law' safe harbor mechanism for digital assets, allowing institutions to temporarily freeze assets during investigations of suspicious transactions without a court order. The report further disclosed that the scale of crypto-related crimes continues to grow, with crypto scam losses recorded by the FBI reaching $9 billion in 2024. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=57756