Coinbase calls on US Treasury to reform anti-money laundering rules with AI and blockchain innovations
2025-10-20 21:59:37
Coinbase has urged the US Treasury to update outdated anti-money laundering regulations centred on the Bank Secrecy Act of 1970, arguing for greater compliance through technological innovations such as AI and blockchain analytics. "The bad guys innovate, and the good guys have to innovate," said Paul Grewal, chief legal officer. The company proposes establishing regulatory "safe havens", endorsing new forms of customer verification such as decentralized identity and zero-knowledge proof, and promoting a regulatory sandbox to test new compliance models. The move contrasts with the Senate's recent tough regulatory proposals for decentralized finance (DeFi), with Coinbase placing greater emphasis on innovative collaboration as an alternative to enhanced enforcement.
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