[U.S. Treasury Urges Congress to Pass 'Hold Law' to Authorize Crypto Platforms to Freeze Suspicious Funds] Odaily Planet Daily News – In a GENIUS Act report submitted to Congress, the U.S. Treasury recommended that Congress consider enacting a 'hold law' targeting digital assets. The proposal aims to provide a legal safe harbor for crypto platforms, allowing them to temporarily and voluntarily freeze digital assets suspected of illegal activities during investigations. TRM Labs Policy Head Ari Redbord stated that the bill would give law enforcement more time to address the high-speed nature of blockchain transactions. Although the Bank Secrecy Act protects institutions that file suspicious activity reports, there is currently no clear statutory provision authorizing platforms to freeze funds without a court order. The report noted that this move would strengthen public-private sector collaboration to combat crypto fraud and money laundering.