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Recent narratives, fueled by last year's media reports, suggested a significant use of crypto by terrorist groups like Hamas, especially following attacks in Israel.
Gensler's assertions sparked a rebuttal from CNBC host Joe Kernen, who championed Bitcoin's decentralized ledger as a foundational feature that bolsters its integrity and appeal.
US Treasury argues that threat actors exploit vulnerabilities to profit from illicit activities using virtual assets.
The financial regulator said these measures would "strengthen users' protection" against such illegal activities.
Wood said she would be "surprised to see" anything else approved.
Galaxy's Steve Kurz also predicted 75% odds of approval by the end of 2024.
The SEC's social media account was illegally accessed in January.
The SEC is investigating whether Musk violated federal securities law during his 2022 Twitter purchase.
Balancing privacy and regulation, enterprise blockchains offer a practical take on inbuilt KYC and AML compliance.
